Your child is your joy and through proper planning you can ensure that you are the joy for your child. With the current levels of inflation, your child would require considerable financing for completing his education and if you want to ensure a bright future for him/her, start investing at the earliest on child plan for the child’s secure future.
Mr. Shah adored his daughter. Everything he provided for her was the best – clothes from the best brands, best toys and the best education. He even sacrificed buying his dream car just to ensure his daughter’s admission in that prestigious school. He made various investments in mutual funds, bonds, fixed deposits, etc. so that he could create a corpus for his daughter’s higher education. He factored in all the constants, except one variable – death. As luck would have it, he met with a fatal accident that took his life. All his investments were utilized to either pay off his loans or to meet the family’s lifestyle expenses over the course of the years. The education fund, which he thought he had created, was wiped out meeting other financial requirements and his daughter struggled to finish off her studies and jumped into a job to provide for her family. Had he factored in a life insurance policy, the result would have been different.
This is Yash sharma Sr. creative writer. I have written several articles on finance, insurance & loans & I like very much to write insurance articles.
