A child education plan offers comprehensive benefits of life cover along with maturity benefit. One should choose a child education plan which offers enough returns to cover the educational expenses of a child.
2. The Reason we are here.
To bring the awareness amongst parents and teachers about the
importance of planning for their child’s future well in advance
To discuss one of the tools that help parents secure the financial future
of their kids.
To share the right ways of creating education fund with Parents,
teachers and school administrators who holds the key to success of
To explain how saving early in the education plan will lead to enjoy the
profit of compound interest.
3. Did you ever wonder?
How much will your children education cost?
If you can afford to send your children to the best college?
What would happen to your child’s higher education if accidents
If you will have enough left for your retirement after paying your
7. Define your financial goals for your child
You need to be clear about which stage you are planning for
For Example :
Child’s Graduation - 18 years
Child’s Post Graduation – 21/22 years
Child’s Marriage – 25 years
***Generally parents require fund for child’s Graduation course
8. Time Horizon
Number of years left for your child to start college = Child’s Age at the time of college – Child’s Current Age
Child’s Current age : 5 years
Child’s Graduation Age : 18 years
Number of years left for child to start college: 18-5 = 13 years
*** it will help you determine whether you are going to invest for short term, medium term or long term
9. Why Save for Your Child's Future?
If you're like most parents, you want your
child to go to college. At the same time,
paying for college is probably one of
your biggest financial concerns.
By starting a savings plan early, even
before your child begins elementary
school, you can reduce the burden of
taking on high debt to pay for his or her
11. I don’t have any money to save.
Too often this is true. If you live paycheck to paycheck, you may not have any money to save
toward future college expenses.
But take a closer look at your expenses. You may be able to "find" money to save just by adjusting
some priorities. For example:
Put some extra money in your pocket by canceling subscriptions to magazines that you never get around
Brown-bag it instead of eating out for lunch a few days a week, and you can "find" an extra $50 each
Add it up, and all of a sudden you have the means to start a college fund. Sometimes you just need to
make savings a priority and come up with a plan.