How to Plan for Child's Future?

How to Plan for Child's Future?

total reads


total reads

As parents you wish the best for your children. This among other facilities and amenities includes providing world-class education so that they can achieve their career goals. This is easier said than done given the challenges and competition in the field of education today.

Apart from the challenges of education, which is for the child to grapple with, parents have their own hurdles to overcome i.e. sharply rising cost of education.

As a parent if you are not adequately geared to meet this particular challenge your child could well miss the bus on a solid degree regardless of his/her skill and aptitude.

Consider this – a 2-year MBA course at a premier management institution today would cost you nearly Rs 4 lakhs. At an inflation of rate of 10% for education, this amount would bloat to Rs 2,691,000 after 20 years when your child will sign up for the MBA course.

The good news is that help is at hand in the form of child insurance plans which are tailor-made to meet the future financial needs of your children. Childinsurance plans are available in both forms – unit-linked plans and traditional plans to suit individuals with varying risk profiles.

A sum invested regularly in the plan can help accumulate a corpus that will secure your child’s financial future. The amount of contribution will depend on how much you plan to save. Your financial planner can be of assistance in chalking out an ideal financial plan for your child’s future.

Similar Articles




Featured Articles
Popular Posts

Products offered by HDFC Life :


Speak to our Certified Insurance Experts

All days 9:00 AM to 9:00 PM IST

Instant Callback
Call Us

Mon-Sat 9:30 A.M to 6:30 P.M IST

Locate A Branch Near You
There has been changes in branch operation timings due to COVID 19
+91 8291 890 569   
Call Us

Mon-Sat 10 am to 7 pm IST (Local Charges Applicable.) (DO NOT prefix any country code e.g. +91 or 00.)

NRI Service

(For NRI customer only)

08000006609 to get details on your Fund Value
(Applicable for Unit Linked Plans only),
Premium Amount and Due Date
Stay updated with HDFC Life