Top 5 Best Insurance Options For Your Children
Dec 27, 2016 11:45 AM EST
If you want to secure the future of your child then the best ways of doing so is buying proper insurance policies for your child. If you want to make a long-term investment and at the same time if you want to secure your child's life then the best way to utilize that money is buying the insurance policies for you child.
But if you want to invest in child insurance then you may get a little bit confused at first. The main reason for your confusion can be what are the insurance options for your child. Therefore, if you are not sure about what kind of insurance policies you should buy for your children, then you have landed to the right place. In the following discussion, we are going to talk about five best insurance policies that you need for your child.
1) Children's Money Back Policy
This insurance policy certainly can be suitable for the education, marriage and other purposes for your child. At the same point, it can provide covers to your child also. This insurance policy can be a proper example for savings and protection.After the insurance period is over you can get a good amount of maturity bonus as well.
2) Child Carrier Plan
If you are worried about the continuously increasing price of the education and other sectors then this insurance policy can be an ideal choice for you. At the same time, you can get maturity benefits and death benefits with this insurance policy.
3) Invest in mutual funds
If you want a growth in your child education then the best way of doing it is via investing in mutual funds. There are many people who still believe that investing in mutual funds can be a subject of risk. If you are not willing to invest in mutual funds then it is better to invest in balanced mutual funds.
4) Invest through recurring deposits
If you are not willing to take too many risks while insuring your child's future then the best option can be for you is investing in recurring deposits. The interest rates on recurring deposits are significantly good too.
5) Invest in PPF
If you want a long term deposit option then this choice can be ideal for you. You can invest money in PPF for 15 years without paying any kind of tax.