Importance of Child Education

Education is the cornerstone of a nation's development, and when it comes to India, the importance of child education cannot be overstated. The importance of child education cannot be emphasized enough, for it not only moulds the destinies of young learners but also weaves the very fabric of the broader community and the nation at large.

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Investing in your child's future:A wise decision & a loving choice
Benefits of Investing In Child Plan
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Future Premiums are paid by the insurer upon death of policyholder
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Your premiums help your child achieve their dreams through lump sum or regular payouts
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You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)
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Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr# Tax-Free* on Maturity

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7.7 Crore
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4.2 Crore
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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What is Child Education?

Child education is the process of facilitating learning and development in children, typically from their early years up until their teenage years. It encompasses various stages, including early childhood education, primary education, and secondary education. The goal of child education is to provide young learners with the knowledge, skills, values, and experiences they need to become well-rounded individuals and active participants in society.

Why is Child Education Important?

Here are the key pointers that highlight its significance:

  • Foundation for Future Learning: Early education lays the foundation for a child's lifelong learning journey, fostering curiosity, critical thinking, and a love for knowledge.

  • Cognitive Development: Quality education enhances cognitive skills, such as problem-solving, reasoning, and memory, which are crucial for academic and personal success.

  • Socialization: School environments provide opportunities for children to interact with peers, develop social skills, and learn cooperation, empathy, and conflict resolution.

  • Personal Growth: Child Education fosters personal development, nurturing self-confidence, resilience, and the ability to set and achieve goals.

  • Global Awareness: Learning about different cultures, histories, and perspectives encourages open-mindedness and prepares children to be global citizens in an interconnected world.

  • Career Opportunities: A solid education opens doors to better career opportunities and higher earning potential, improving a child's quality of life in the long run.

  • Health and Well-being: Education equips children with essential life skills, including health literacy, enabling them to make informed decisions about their well-being.

  • Reducing Poverty: Education is a powerful tool to break the cycle of poverty, as educated individuals are more likely to access stable employment and contribute to economic growth.

  • Empowerment: Child Education empowers children by giving them the knowledge and skills to advocate for their rights, make informed choices, and actively participate in their communities.

  • Innovation and Progress: Educated individuals drive innovation and societal progress as they contribute fresh ideas, research, and expertise across various fields.

In essence, investing in child education not only benefits the individual but also has a positive ripple effect on communities and the entire society, leading to a more inclusive, knowledgeable, and prosperous world.

People also read: Sukanya Samriddhi Yojana

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How Can You Secure Your Child’s Future?

As a parent, ensuring your child's future is a top priority. Following are the reasons why child education is important:

  1. Strategic Planning for Your Child's Dreams

    The journey to securing your child's future begins with careful planning. Start by understanding your child's dreams and aspirations. Are they interested in pursuing higher education? Do they have a particular career in mind? Assess their interests and potential career paths to estimate the financial requirements.

    Consider factors like inflation, the cost of education or training, and living expenses. With a clear understanding of the financial goals, you can develop a realistic plan to save and invest for your child's future. Remember that early planning provides you with more time to build a substantial fund.

  2. Start Early and Invest Wisely

    Time is a powerful ally when it comes to investing. The sooner you begin, the more time your investments have to grow and compound. Even small contributions can accumulate into a significant sum over time. Compound interest can work wonders, so starting early gives your investments the chance to yield higher returns.

  3. Life Cover for Financial Protection

    Life is unpredictable, and it's crucial to safeguard your child's future against unforeseen circumstances. Purchasing a child plan not only provides financial protection for your child in case of your untimely demise but also offers peace of mind.

    Life insurance ensures that your child's dreams are not derailed due to financial setbacks. In the event of your passing, the insurance payout can cover their education, living expenses, and even serve as a foundation for their future financial endeavours.

  4. Investing in Education

    Education plays a major role in shaping your child's future. Quality education helps them with knowledge, skills, and opportunities that can lead to a fulfilling career. Investing in their education can set them on the right path early in life.

How to Buy a Child Education Plan From Policybazaar?

To secure your child's future education, follow these steps to purchase a child education plan from Policybazaar:

Step 1: Start by visiting the Child Plan section on Policybazaar's website.

Step 2: Fill in essential details on the form, including your Name and Mobile Number.

Step 3: Click on 'View Plans' to proceed.

Step 4: Provide the necessary information, such as the City you reside in, your age, your child's age, and your annual income.

Step 5: Browse through the displayed list of child plans.

Step 6: Tailor your plan by selecting the investment amount, investment duration, and withdrawal timeline.

Step 7: Compare plans from various insurance companies to find the one that suits your financial needs. Policybazaar's offerings come with benefits like enhanced payouts compared to offline plans, transparency, and expert advice from certified advisors.

Step 8: Once you've chosen the ideal child insurance plan, proceed to make the payment.

With these straightforward steps, you can make an informed choice for your child's education plan through Policybazaar.

People also read: Sukanya Samriddhi Yojana Calculator

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Invest â‚ą10K/Month YOU GET â‚ą1 Crores* For Your Child View Plans
Invest â‚ą8K/Month YOU GET â‚ą80 Lakhs* For Your Child View Plans
Invest â‚ą5K/Month YOU GET â‚ą50 Lakhs* For Your Child View Plans
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Conclusion

Child education plays a pivotal role in shaping responsible citizens who contribute positively to their communities. It instils critical thinking, problem-solving abilities, and a thirst for lifelong learning. By promoting curiosity and creativity, education paves the way for innovation and progress, driving advancements in various fields.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^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 investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~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.

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