Each parent works hard to
give bright future to his or her child. Today, fulfilling their daily needs is
not enough. Parents try and make each wish of their children come true. It is
imperative for young parents to start thinking about their children’s future today.
Online child insurance offers nothing but the
best for children, be it education or marriage. If you really want to make all
these things happen when the actual time comes, then all you have to do is to
plan now.
If you
start planning early for your child’s future, then you have more time for
investments in hand. Due to longer investment period, a financial corpus gets a
chance to grow more.
Parents
should list the goal which needs to achieved, then buy a suitable investment
plan online to attain those goals. Higher education and marriage are two most
expensive money drainers which parents have to best
child plan well in advance.
Generally,
around 45 percent parents invest their hard earned money in public provident
fund and fixed deposits. The interest on PPF account balance is annually
compounded and then credited to the customer’s account at the year end. Hence,
it offers good returns in the long terms and a great tool for long term
investment.
Interests
on such accounts are linked to government bond yields. Buying online child
insurance is a great way to plan child’s education and marriage because this
long term investment tool is best utilized in a 15-20 years.
Online
insurance calculator will help buyers to calculate the financial corpus
required to fund child’s education and marriage when they cross the appropriate
age.
Young
parents are more worried about child’s education and hence, insurance companies
in India offer trusted financial products which fund children’s education and
marriage after a certain period of time.
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