Plan for your kid’s future this Children’s Day

Nov 14, 2016 | 2 years ago | Read Time: 2 minutes | By iKnowledge Team

‘I want to fly an airplane when I grow up’, if this is the dream that your child has, then are you prepared for it? Dreams turn to reality when you have the power to fulfill them. Nothing is more important to a parent than seeing his or her child’s dream come true. At a time, when the cost of education is growing at a speed, it is very important for you to plan the finances as early as possible. By the time your child grows, the costs would have increased and it would be very challenging for you to meet them without prior organisation.

This children’s day, do something that remains with your child forever. Gift your child an insurance plan which not only helps build money for his education but also safeguards him for life. The earlier you purchase a child insurance plan, the more the amount of funds you can save. Life is unpredictable and there is no certainty if you will always be around your child to provide him the necessary support. For this reason too, a child insurance plan ensures the protection of your child when life takes a sudden turn.

plan-for-your-kids-future-this-childrens-day

 

Child insurance plans are very affordable these days. Most of the insurance companies offer convenient premium terms to individuals. Therefore, you can mostly choose from monthly, half-yearly, or annual payments. These insurance plans also have tax benefits associated with them. This makes a child insurance plan not just a form of saving and planning, but also one for investment purpose. You can speak to the insurance representative about the nitty-gritties of the process and then decide upon an insurance plan that best meets your child’s requirements. Remember to share your details in an honest manner as it will only help the insurance company plan your policy in a better way.

As your child continues to grow, you will value the insurance plan even more. Ensure that you engage in a thorough research before purchasing any kind of child insurance plan. Remember to read the fine print a good number of times before signing on it. Let this Children’s Day be the start to your child’s dream journey!

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