Every parent is worried about their child's future. they want to secure their child's future as well as save for his education. Saving in traditional schemes like Recurring deposits, fixed deposits etc. does not give required returns on investment. the education cost is becoming expensive day by day.
In the year 2000, the education cost for an engineering degree was anywhere between Rs. 40,000/- to Rs. 80,000/- p.a. but now in the year 2019, the engineering cost went up to Rs. 1,00,00/- to Rs. 2,00,000/- p.a. In this situation where the prices for everything are rising and there is no guarantee about the market, we need an investment plan which will give high returns in a short period of time and that too guaranteed.
Kotak MF presents a unit-linked insurance plan (ULIP), it helps people to build a collection for their children’s expenses through systematic investments as well as it helps people by protecting their goals and dreams from some drastic events, such as death. Many of us have that stress of where to invest for better returns. Kotak MF ULIP plan helps you to get a planned amount at maturity.
Key features
You will Receive a planned entity at maturity
Investing regularly in Kotak unit-linked insurance plan allows you to get the planned entity after the maturity of the chosen plan. It will ensure that you won’t feel restraint for fulfilling your child’s dream and securing its future.
Triple protection can secure you for well being of your family
There may be a case where there is an unfortunate death of the parents of children. This is the time where the child has to suffer emotionally as well as financially. Well, Kotak MF helps your child and minimize the burden that the child will face by providing the welfare of triple protection. Your heir is paid the Life cover to compensate for the loss of income. In fact, the leftover premiums are paid by Kotak MF and your heir will get the fund value at maturity.
As per your risk-return preference build the maturity
Over more than 7 funds are right for a range of investors from safe ones to aggressive ones. You can invest from options of funds that is highly suitable for your risk-returns. You can build your collections or corpus the way you find comfortable and fit. Regardless of the fund, you choose, you can be rest assure as it is going to be managed by our highly qualified team and managers.
Flexible premium payment period
To ensure that a long-term payment obligation does not hamper you from planning your finances, we offer you the following payment methods: 5 - year premium payment period for a policy term of 10 years, Or 10 - year premium payment period for policy terms of 15 to 25 years. In addition, with the option to pay annually or half-yearly, this could be an apt child plan for your children and you.
Benefits of Child Plans
There are a number of advantages that one can gain on investing in a child plan. At the end of the policy, the child may also become a policyholder of the same. There are many plans provided by Kotak MF in order to secure your child plans Following are some of the reasons one should go for child plans :
Meeting the unstable market - Good use of money is made by investing in a child plan through timely investments. In the long run, this will bring high returns which will be very useful for the child. Returns being higher than invested is ensured by the value appreciation.
Higher learning - When a child pursues higher education, the company can provide fees for the child to study further thus shaping the career. This can be challenging for many parents as higher education can be quite expensive. Hence with the help of child plan, the child will still gain the resources needed to pursue a career of choice in order to grow.
Save constantly - Child plan is a disciplined way to save the child future. It is advisable to compare the child plans so that you can get a plan for which the lowest possible premium needs to be paid.
Assurity of future being secured - Child plans provide the assurity of the future being handled well and also secured irrespective of the calamities occurred or going to occur. Thus not letting the child to get affected by them and have a secured future ahead.
Provision of school fees - The company that you have insurance with pays a specific amount for the fees of the child. This is done after the death of the parent or guardian or the one undertaking the responsibility of providing school essentials to the child. The amount is given at certain rates and needs of the child are being considered.
Child's interest being funded - If your child is highly passionate about his or her hobbies or a specific art or talent and wishes to pursue it further no matter what, but if these interests prove to be expensive enough causing the child to give up on his or her passion; much benefits and support are given by the insurance provider.
Expenses of Wedding - Most of the parents are very particular regarding the marriage occasion of their children and therefore, they go to an extreme point to ensure that their children have a wedding they ever dreamt about. With a child plan, once the children reach an age where marriage is legal, the wedding expenses are provided by the policy provider.
Conclusion
An appropriate child plan is a huge contributor to financial planning for the child's future needs at the right age. As a parent one can secure his child's future with plans encompassing children insurance plans and child education plans.
It is an optimum way to save enough along with regular investments for the child’s future and needs like higher education which can expensive to a good extent. In child plans, it is ensured by the financial protection features that the child gets the best in the future even in case of absence of the parent or guardian. Child plan is a beneficial scheme thus helping an individual to be insured about their younger one's future.
In the year 2000, the education cost for an engineering degree was anywhere between Rs. 40,000/- to Rs. 80,000/- p.a. but now in the year 2019, the engineering cost went up to Rs. 1,00,00/- to Rs. 2,00,000/- p.a. In this situation where the prices for everything are rising and there is no guarantee about the market, we need an investment plan which will give high returns in a short period of time and that too guaranteed.
Kotak MF presents a unit-linked insurance plan (ULIP), it helps people to build a collection for their children’s expenses through systematic investments as well as it helps people by protecting their goals and dreams from some drastic events, such as death. Many of us have that stress of where to invest for better returns. Kotak MF ULIP plan helps you to get a planned amount at maturity.
Key features
You will Receive a planned entity at maturity
Investing regularly in Kotak unit-linked insurance plan allows you to get the planned entity after the maturity of the chosen plan. It will ensure that you won’t feel restraint for fulfilling your child’s dream and securing its future.
Triple protection can secure you for well being of your family
There may be a case where there is an unfortunate death of the parents of children. This is the time where the child has to suffer emotionally as well as financially. Well, Kotak MF helps your child and minimize the burden that the child will face by providing the welfare of triple protection. Your heir is paid the Life cover to compensate for the loss of income. In fact, the leftover premiums are paid by Kotak MF and your heir will get the fund value at maturity.
As per your risk-return preference build the maturity
Over more than 7 funds are right for a range of investors from safe ones to aggressive ones. You can invest from options of funds that is highly suitable for your risk-returns. You can build your collections or corpus the way you find comfortable and fit. Regardless of the fund, you choose, you can be rest assure as it is going to be managed by our highly qualified team and managers.
Flexible premium payment period
To ensure that a long-term payment obligation does not hamper you from planning your finances, we offer you the following payment methods: 5 - year premium payment period for a policy term of 10 years, Or 10 - year premium payment period for policy terms of 15 to 25 years. In addition, with the option to pay annually or half-yearly, this could be an apt child plan for your children and you.
Benefits of Child Plans
There are a number of advantages that one can gain on investing in a child plan. At the end of the policy, the child may also become a policyholder of the same. There are many plans provided by Kotak MF in order to secure your child plans Following are some of the reasons one should go for child plans :
Meeting the unstable market - Good use of money is made by investing in a child plan through timely investments. In the long run, this will bring high returns which will be very useful for the child. Returns being higher than invested is ensured by the value appreciation.
Higher learning - When a child pursues higher education, the company can provide fees for the child to study further thus shaping the career. This can be challenging for many parents as higher education can be quite expensive. Hence with the help of child plan, the child will still gain the resources needed to pursue a career of choice in order to grow.
Save constantly - Child plan is a disciplined way to save the child future. It is advisable to compare the child plans so that you can get a plan for which the lowest possible premium needs to be paid.
Assurity of future being secured - Child plans provide the assurity of the future being handled well and also secured irrespective of the calamities occurred or going to occur. Thus not letting the child to get affected by them and have a secured future ahead.
Provision of school fees - The company that you have insurance with pays a specific amount for the fees of the child. This is done after the death of the parent or guardian or the one undertaking the responsibility of providing school essentials to the child. The amount is given at certain rates and needs of the child are being considered.
Child's interest being funded - If your child is highly passionate about his or her hobbies or a specific art or talent and wishes to pursue it further no matter what, but if these interests prove to be expensive enough causing the child to give up on his or her passion; much benefits and support are given by the insurance provider.
Expenses of Wedding - Most of the parents are very particular regarding the marriage occasion of their children and therefore, they go to an extreme point to ensure that their children have a wedding they ever dreamt about. With a child plan, once the children reach an age where marriage is legal, the wedding expenses are provided by the policy provider.
Conclusion
An appropriate child plan is a huge contributor to financial planning for the child's future needs at the right age. As a parent one can secure his child's future with plans encompassing children insurance plans and child education plans.
It is an optimum way to save enough along with regular investments for the child’s future and needs like higher education which can expensive to a good extent. In child plans, it is ensured by the financial protection features that the child gets the best in the future even in case of absence of the parent or guardian. Child plan is a beneficial scheme thus helping an individual to be insured about their younger one's future.
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