These holidays, where are you planning to take your kids?
An international holiday to Mauritius, or Disney Land, or Bali, or somewhere more expensive?
holidays are good and spending money on them is ok too! But, wouldn't
it be great if you spent that same amount of money, or maybe even lesser
and bought them the safety and security for life?
we are talking about lifelong financial planning for your kids' future,
through methodical and sensible Investment Plans! Investing money for
life security is way better than spending it for few days pleasure!
Therefore, more than any national or international holiday this is what they need and why:
sound investment plan helps you to grow your wealth and build a corpus
of funds, to come in handy for your kids anytime at the time of need.
provide absolute life protection to you and your kids as the main
component of major investment plans remains life insurance.
- With healthy returns at the time of maturity, they are the fool-proof planning for long-term goals of your kids' life.
biggest advantage of investment plans lies in the multiple avenues they
offer for earning some extra income in the form of bonuses (guaranteed
& non-guaranteed), dividends, interests, and much more.
is also an option to earn capital gains from sale of equities and
mutual funds. Thus, generating a side-fund for your kids, as and when
- These plans bring with
them an array of tax benefits. While the premiums paid towards life
insurance policies are covered under Section 80C of Income Tax Act, the
maturity/death proceeds are also tax-free under Section 10(D). Thus, for
all the funds your kids can avail, there is never a tax liability for
Term Insurance Plan
you’re the sole bread-winner of the family, a term insurance plan
ensures that your kid’s financial independence is retained even if
you’re not around.
- A Term plan
offers massive sum Assured at extremely lower premiums that can come
handy for all your kids' educational and life planning needs.
you have certain loans to pay off like car loan, home loan etc. and
unfortunately you pass away before they are paid off, your kids are
prepared to pay-off with the financial planning you did for them through
a sensible Term Insurance plan.
term insurance plan is the best insurance you can buy at extremely
economical premiums that easily fit into your pockets without making
your kids compromise on things that matter.
a child plan in place, the cost of basic as well as higher education
can be met irrespective of the fact whether the parent is alive or not.
is one of the most important milestones in a child’s life and requires
substantial amount of financial support. A child plan helps to build a
corpus at an early age, hence, such expenses are not a threat.
the unfortunate scenario of a Insured parent’s death the child plan
offers a feature called Waiver of Premium (WOP) where the child is given
the benefits of insurance and investment without having to pay any
future premiums after the death of the insured (parent).
prudent financial planning through a child plan, you can strategically
mark important milestones where your child gets financial support to
meet different needs at different stages of his life. A child plan
ensures this pay-out both in your presence as well as absence.
kinds of insurance and investment plans are debt, equity and hybrid
based. You must know your Risk appetite and invest accordingly, so that
your kids do not have to suffer. It is advisable to prioritise your
kids' future and based on their life-long needs, invest in a plan that
offers maximum returns in your presence or absence.
Give the best gift to your kids' which is a life saver throughout! Vacations can wait!