6 Investment Options to Secure the Child’s Future

The journey of parenthood is not a cakewalk. It brings along a heap of responsibilities. Amongst many is to plan the sound financial future of the child. For a better and bright tomorrow invest in the right child future plan.

Read more
Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

How Important is it to Invest for the Future of the Child?

Parenting might sound like an easy task; however, it is not so. As the child grows, the responsibilities grow as well. To fulfil these responsibilities investing in any of the child future plans will help the apple of your eyes achieve any important milestone of life. 

The right kind of investment plan can support your child at every crucial stage of life. Also, the need for a child future plan arises from the sheer fact of life's uncertainty.  Even if you are not around tomorrow, the child will not have to face any financial implications. 

In this article, let us discuss certain options that will help you to make an informed and wise decision for the child:

Investment Option to Secure the Future of a Child

Here is a rundown of the investment options that would help to secure the future of a child:

  1. Fixed Deposits

    Fixed Deposits are one of the most easily accessible savings instruments. The safest form of investment without any major risk involved. The fixed deposit is going to get you fixed returns based on your monthly deposit amount, tenure, and interest rate. You can open and operate a fixed deposit account for the minor child at any public or private bank. As per the last updates from the Government of India, the interest rate on the fixed deposit account ranges from 5.75%-6.75%.

  2. Government Schemes

    The government of India has been introducing various short and long-term government schemes from time to time. The schemes are unbiased of class, race, income, etc. From comprehensive plans, securing the girl child future to flexible plans supporting average income earners, you can pick from the best of government plans on the varying needs and objectives. Let us have a look at some of the following schemes:

    • Post Office Savings Account

      The post office savings account is the most preferable savings scheme in India. It is considered one of the most secure forms of investment. The reason is, in case of urgent need, the account offers partial or full liquidation of funds at very short notice. You can open a post office savings account on behalf of your child provided they are below the age of 10 years. Also, minors above the age of 10 years can easily open and operate the account in their name. The minimum opening amount is Rs 500 and there is no maximum limit on deposits. At present, the post office savings account interest rate is 4.00% p.a. 

      People also read: Child Education Plan

    • Public Provident Fund

      PPF is an investment scheme launched to promote small savings. The PPF account comes with a lock-in period of 15 years and guaranteed returns. It works like a long-term savings plan which can be used by the beneficiary in the future. You can open a PPF account on behalf of your child. The minimum balance required to maintain the PPF account is Rs 500 and the maximum deposit limit is Rs 1.5 lakh each year. The current interest rate on the PPF account is 7.1%.

    • Sukanya Samriddhi Yojana

      Sukanya Samriddhi Yojana is an investment scheme launched by the government of India in 2015. It is designed to help parents financially secure their girl child's future. You can open an SSY account for your girl child at any India Post Office branch provided she must be below the age of 10 years. The maximum tenure of the SSY account is 21 years. However, upon her needful wish, the girl can withdraw the money and close the account after she turns 18. The current interest rate on the SSY account is 7.6% p.a. 

    Investment Investment
    Secure Secure
    Child Banner
    Secure your child’s future with or without you
    Start Investing
    ₹10,000/Month
    & Get
    ₹1 Crore*
    *Standard T & C Apply
  3. ULIP 

    Consider it like a combo meal you get at your favourite restaurant. ULIP refers to Unit Linked Investment Plan. In simple words, it offers the dual benefit of life insurance and investment. Just like your food bill gets divided into the main course and dessert.  In the case of the ULIP plan, a portion of your premium is used in the life insurance and the remaining is invested in the market funds. This child future plan would be a wise idea worth investing

  4. Life Insurance 

    Believe it or not, the life insurance plan is a win-win game for the policyholder. When you are the only breadwinner for the family the life insurance plan becomes a necessity. A life insurance plan provides the beneficiary with the death benefit in case of the policy holder's untimely demise. Also, it provides the beneficiary with the maturity benefit at the end of the policy tenure. To secure your child's future, you can think of a life insurance plan because it can work as a long-term investment.

  5. Traditional Endowment Plan

    Remember the combo meal? No, well the Endowment plan is not exactly like that.  However, it doesn't come with the risk. Let's understand in simple words, under the endowment plans, a portion of your premium will be used for the insured's life coverage and the remaining will be used as savings. There is no involvement of your money in the market investments. The savings are fixed and thus risk-free. In case you are looking for the safest investment plan to secure your child's future, this could be the one.

  6. Mutual Fund/SIP

    Systematic Investment Plans or Mutual Funds are subject to market risks, therefore read all scheme related documents carefully.  These two are popular investment options in the market. These are for those who wish to reap benefits that are greater in comparison with the overall investment amount. One can get the best out of Mutual funds/SIPs by investing a considerably large amount at once. However, to start SIPs, one can begin to invest with a minimum of Rs 500. This investment option is best suitable for those who are either short on time or money. It is ideal for those who want to multiply a certain amount within a specific tenure. Indeed, this is possible with the right approach and market understanding. 

Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Wrapping It Up

Invest in the right child future and remain stress-free in regards to the financial future of your joy.  It is about the better tomorrow of your child, therefore, conduct thorough research. Suit the option that fulfils the needs and suits your pocket. Whenever you plan to invest for the child's future, always remember to consider the inflation effect.  It is highly recommended to start investing early for a bright tomorrow.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

child plan investment

Investment

child plan secure

Secure

Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan3

Child plans articles

Recent Articles
Popular Articles
Child Education Planner

05 Feb 2024

Ensure your child's dreams come true with a Child Education
Read more
Indian Bank Education Loan

16 Jan 2024

Indian Bank stands tall as a reliable partner in your academic
Read more
Education Loan for Abroad Studies

16 Jan 2024

Pursuing international education is a dream for many aspiring
Read more
Education Loan Without Collateral

16 Jan 2024

An Education Loan Without Collateral is a financial solution
Read more
Canara Bank Education Loan

15 Jan 2024

Canara Bank Education Loan is a comprehensive financial solution
Read more
Top 12 Government Schemes for Girl Child
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
How to Check Post Office Sukanya Samriddhi Yojana Account Balance
The Sukanya Samriddhi Yojana is a savings scheme launched in the year 2015 by Prime Minister Narendra Modi under
Read more
Prime Minister Schemes For Boy Child
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that aims to create a corpus to
Read more
Best Child Investment Plans to Invest in 2024
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL