BEST INVESTMENT PLAN FOR CHILD’S EDUCATION +919810184368 www.wealthcareindia.co m
Importance of investment plan for a child’s education
• The cost of obtaining a quality education is rising rapidly due to the impact of inflation and other contributing factors.
• Parents seeking to guarantee their children receive an excellent education must be willing to invest greater financial resources than in the past.
Make a small investment and profit handsomely
• Premiums for a child's education plan can start as low as Rs. 20,000 per year or even Rs. 2,000 per month, but by the time the child is 17, he will have access to Rs. 2,000,000.
Save the child from accumulating student loan debt
• If a child takes out bank education loans, which typically have very high interest rates, he or she will almost certainly be in debt for a very long time.
Sukanya Samriddhi
Scheme
• Sukanya Samriddhi, an Indian government programme, encourages parents to save money for their daughters. Until your daughter turns ten, you can open the account at any post office.
• This scheme accepts minimum deposits of Rs. 1000 and maximum deposits of Rs. 1.5 lakh each year.
Child Insurance Plans
• Child insurance policies may be the best long-term investment strategy for a child if you're looking for the best long-term investment strategy for a child.
Asset Class
• They are an investment and insurance product that ensures the stability of your child's future in the event of your untimely death. When the plan reaches maturity, a portion of the premium is invested and paid out to generate above-average returns.
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