Child Future Planning
|The birth of a child is one of the most important events in one’s life – other than the celebration; it brings maturity and responsibility to the parents. It also brings seriousness regarding our financial life and if we talk about priority of goals, sometimes Child Future Plan is even a shade above retirement planning.|
|There has been a paradigm shift in the thought process of people and generally they don't make any distinction between sons and daughters. Socially their thinking may have changed but financially they still belong to that old school which is happy with buying insurance policies or some bonds in name of the children. Few new age parents have started buying child Unit Linked Insurance Plans (ULIPs) rather than money-back policies. But is it actually a smart strategy? The simple answer is NO. Emotional sales take place where investors take decisions based on their emotions.
|As a parent you want to be the pillar of strength and support for your child, making sure that his/her future plans remain undisturbed even when you are not around.|
|For more details, please do contact us|