Why do I need Children’s Plans?
Children's Plans helps you save so that you can fulfill your child's dreams and aspirations. These plans go a long way in securing your child's future by financing the key milestones in their lives even if you are no longer around to oversee them. As a parent, you wish to provide your child with the very best that life offers, the best possible education, marriage and life style.Most of these goals have a price tag attached and unless you plan your finances carefully, you may not be able to provide the required economic support to your child when you need it the most. For example, with the high and rising costs of education, if you are not financially prepared, your child may miss an opportunity of a lifetime.
Today, a 2-year MBA course at a premiere management institute would cost you nearly Rs. 3,00,000/- At a assumed 6% rate of inflation per annum, 20 years later, you would need almost Rs. 9,07,680/- to finance your child's MBA degree.
An illustration of how education expenses could rise with passing time due to inflation
Source: HDFC Standard Life Survey 2008. Inflation assumed as 6% p.a.
So, how can you cope with these costs? Children's Plans help you save steadily over
the long term so that you can secure your child's future needs, be it higher education,
marriage or anything else. A small sum invested by you regularly can help you build
a decent corpus over a period of time and go a long way in providing your child
a secured financial future alongwith
Types of Children's Plans
Our range of Children's Plans includes| Conventional Plans | Unit Linked Insurance Plans |
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Read More - http://www.hdfclife.com/Products/Children%27sPlans/child-insurance-plans.aspx
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