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 the two most expensive money drainers which parents have to plan well in advance.
Generally, around 45 percent parents invest their hard earned money in the 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 a child’s education and marriage because this long-term investment tool is best utilized in 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.