Best Savings Plan

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Best Savings Plan
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Child Insurance Plan Secures Childs Future
Financially

• To make enough money to meet rising cost of
  their childs education is the biggest commitment
  which parents/guardians has to make financially
  in todays world. Planning future requirements of
  your kid needs to done as early as possible. And,
  child insurance plans are one of the best weapon
  to use in the fight against the price hikes.
  Buying such a plan is worth it and in India,
  affordable child insurance plans are always been
  famous. But, its popularity has raised
  significantly because of the increasing inflation
  and particularly, it affects educational cost.

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• As compared to Life insurance, these plans are
  more affordable and it is quite similar to invest
  plan. The only major difference between both
  insurance is that parents starts investing in
  child plan right from the child birth and can
  withdraw the savings when child achieves
  adulthood.
• These policies ensures a structured saving mode
  for the future of your child and whatever returns
  you will get on these schemes are tax-free. So,
  dont worry about taxes.

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• In India, most life insurance companies have
  their own child insurance products. Like,
  Childrens Plan, SL YoungStar Super II, SL
  YoungStar Super Premium are the child plans of
  HDFC Life Insurance and on the other hand,
  Educare Plus Plan and Rising Star Plan are the
  child insurance products of AEGON Religare.
  Therefore, it is always good to select plan after
  doing thorough market study.
• Three kinds of child plans are available in the
  market Child Unit Linked Insurance Plans, Child
  Endowment Plans and Child Money-Back plans.
• To choose the best plan, compare all products
  with each other in terms of benefits, cost etc.
  In fact, online quotes are also available which
  will offer you clearer picture.
• For kids future, parents make sure that no
  investment avenue is left unexplored and their
  kids get the best of everything. With this post,
  we are trying to focus the benefits of affordable
  child plans. Try to understand the plan which
  commits to protect your childs dream and make
  absolutely fair declarations.

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Financial priorities change over time, but a Best
savings plan lasts a lifetime. Below are the five
simple steps to create a successful savings plan

• Identify your saving goals
• Determine how much you can save
• Look for appropriate channel for savings plan
• Make it a habit
• Monitor your progress on saving plan
• Those with a savings plan are twice as likely to
  save successfully.

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