Insurance - Every child is precious to their parents

Every child is precious to their parents. Every parent wishes for their child to get the best possible education and other amenities. This can be achieved by planning your investments and savings systematically. There are various ways in which a parent can secure their child’s future.
It’s advisable to start saving and investing at an early age, ideally even before you have a child. The earlier you start the more benefits you get, like – long term capital gains, longer term horizon which reduces the risk and also results in a higher corpus.
Now you would wonder how much to invest, where to invest and also how much you should save from your income. To achieve the desired goal for your child you need to save and invest regularly.



Here are a few things which one may consider while planning for a child’s future:
  1) Saving
  2) Insurance
  3) Investing



One can either hire a financial planner to make a proper plan for their child’s future or even do it on their own by consulting bank managers, insurance agents and mutual fund advisors.

To conclude preparing for your children’s future is a simple process – reduce your expenses, increase your savings, invest properly and regularly and get insured early!