As human beings, there are hardly any stronger aspirations than providing the best of everything for your children.
But for every dream to be realised, we have to cross the bridge of multiple realities. As a parent, the most obvious of the dream would be to plan for your children in such a way that all their future requirements are properly taken care of and there is no running around at the time when the actual requirement arises.
The purpose of Children’s Future Planning is to create a corpus for foreseeable expenditures such as those on-
Higher Education and Weddings, and to provide for an adequate security cover during their growing years.
Like most parents, you might be saving regularly to ensure a safe tomorrow for your child. However, savings alone is no longer enough. For ensuring adequate funding of your child’s education, you, as a parent, need to do two things:-
- Invest appropriate amount systematically and at regular intervals.
- Provide for a financial security blanket to cover any eventuality.
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