What is Child Education Planning
A Child Education Planning is a process of managing and planning your child’s future through an insurance plan that offers protection as well as an opportunity to guarantee a secure future for your child. With a lump-sum payout at maturity or during any unfortunate event, the plan ensures that irrespective of the unseen future, your child receives the education he/she desires.
Why is Child Education Planning Required?
Without a vigilant child education policy, there is a huge risk of outliving your savings when the time comes due to inflation or other unseen misfortunes.
A child education plan helps you to control the amount you need to save and invest for your child’s future so as to get the desired lump-sum amount when the time comes. Also, it helps you to protect and safeguard your child’s future and can even aid you in case of unfortunate events.
What are the Benefits of Child Education Planning?
It helps you to –
– fulfill your child’s ambition
– manage enough finances to meet your child’s educational cost despite inflation
– provide financial security to your child even when you aren’t there
– protect you from borrowing or mortgaging your assets
– cover for any contingencies arising from uncertain events
