It is the dream of every parent to facilitate the best possible upbringing and education for their children in order to secure their future. But for every dream to be realised we need to plan early considering the fact that education costs have seen among the highest inflation rates.

OVERVIEW

In addition to high inflation rates, planning for your child’s future has assumed some relevance because of the uncertain and volatile investment climate. Considering that this is a need that is very dear to us and we would like to provide a second level of security to this need, insurance is a popular avenue to planning for childrens education needs.

OUR ADVICE

Consider multiple avenues for Children’s Education/children’s marriage corpus.

Plan at an early stage of child for children

Insurance is a good avenue to use since it provides security to a very important need Diversify the investments to reduce risk. Part of the investments can be in capital guaranteed and equity related avenues

Take Long term SIP for Kids.

One can also plan for Education from his own basket of investments

ULIPs can be considered as an option as it offers adequate flexibility also would suit a situation where corpus needs to build at a shorter span.