Best Child Investment Plan

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Best Child Investment Plan
AREN'T you such a nice person to think about the
financial future of your children?
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We take the view that the best investment for
your children is to ensure you have a secure
financial future. If you are financially secure,
it means you're happy and able to provide a
stress-free, loving environment in which your
children can thrive. It sounds selfish but you
are the most important factor in your children's
development, far more vital than having a nest
egg.
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However, if you have yourself covered, giving
your kids a financial head start can be a
terrific idea. Back in the old days it was the
endowment insurance policy. Parents would answer
the knock on the door from the life insurance
salesman who would extol the virtues of how a few
dollars a week contributed to the policy would
set up your child for life when it matured on
their 21st birthday. Naturally you would be
constantly reminded of this little nest egg while
growing up and, as the magic day approached, your
thoughts would wander to what you would spend
this massive amount of money on - a new car, a
house maybe?
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Tenure of investment Are you saving for your
daughter's education? Or for your son's marriage?
Financial planners say it is best to define your
goals and segregate the investment for each
goal. The stock market has historically been the
best place to park your money for the long term.
There are enough studies to prove that equities
give the highest returns in the long
term. "Don't invest in a long-term fixed deposit
for your daughter's education when she is just a
toddler. The money that is not going to be
touched for a long period should ideally be in
equities,"
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Child Investment Plan is better option when
compared to similar insurance plans with less
fees more liquidity and clarity. There are
several plans available in the market, parents
should be very careful while selecting the best
for their childs future. Whichever plan you
select, do some analysis on cost structure, past
track record and hidden costs etc. Happy
Investing!!
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Plan https//www.bajajallianz.com/Corp/child-insur
ance-plans/child-insurance-plans.jsp
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