What is Child Future Planning?
Be the umbrella for your child’s future with a child future plan from PTIC INDIA. We offer comprehensive investment strategies designed to achieve two major goals:
- Securing your Child’s education Future Plan financially
- Help your child navigate financial transitions in their life (higher education, marriage, etc)
We create the ideal child plan to protect your child’s future in the event of your untimely death while also building a corpus over time to be used to fund crucial phases in his or her life.
If you’re reading this, you’ve already demonstrated that you’re a concerned parent looking for ways to ensure the future of his or her child. Let us assist you in comprehending what a child plan is and why you should choose the ideal plan.
Savings and protection are both advantages of child future planning. There are certain future plans for children that allow them to build riches as well. The best child future plan is designed to provide financial security for your child so that his or her schooling or any other key event in the future is never jeopardized by an unforeseen incident.
Benefits of investing in a child's future plan?
Child education plans offer numerous advantages, making them a preferred tool for many parents. To optimize these benefits, experts suggest that parents consider purchasing a kid insurance plan within 90 days of the child’s birth.
Education is covered, along with future emergency requirements.
Benefits of the payout
Guaranteed tranquility
Tax deduction benefits
Loan collateral benefits
Death benefits
Secure your child with life insurance
Simple monthly savings may not be enough to cover the rising costs of higher education. Education costs should be the final limitation for your child to succeed in a competitive world. Child insurance programs allow you to invest based on your child’s educational needs, your present financial situation, and other financial objectives. In most cases, child insurance policies provide a life cover equal to 10 times the annual payment. These plans also include the ability to make partial withdrawals if necessary. Additionally, you may be eligible for tax benefits for the premium paid.
How will a child insurance plan by PTIC INDIA be helpful?
The goal of a Child Future Plan is to build a fund for future expenses like further education and weddings, as well as to ensure appropriate stability during their growing years. The best Child’s Future Planning by PTIC INDIA takes on added significance because children’s education and weddings are high-priority life goals that cannot be postponed or reduced in cost.
A solid education has traditionally been regarded as a ticket to a prosperous future. Career choices have multiplied in recent years, and your child can pursue a variety of professional courses. Higher education prices, on the other hand, have risen at an exponential rate.
You, like other parents, maybe put money down on a monthly basis to ensure that your child has a secure future. Savings, on the other hand, are no longer sufficient. You, as a parent, must do two things to ensure appropriate finance for your child’s education:
- Put aside an adequate quantity of money on a regular basis.
- Have a financial safety net in place to cover any scenario.
Starting to save and invest for your child’s future is never too early. Especially in the perspective of today’s world. A professional degree, for example, costs around Rs 2.5 lakhs nowadays. If your child is one year old today, and he or she goes to college in 17 years, you may need a total of Rs 6.3 lakhs, assuming a 6% annual rate of inflation. Get the exclusive advice on child future plan through PTIC