10 Smart Actions Every Indian Parents Should Take, Once Their Baby Is Born.

When a new kid is born, your entire life changes. You are excited to enjoy the new phase of your life. Today we are going to touch upon some basic things you should watch out for and focus on after your new kid is born. These are few things which you will eventually complete, but if you are too late, you might end up waste your time and energy. So it’s better to learn from others mistake and take some actions beforehand.

1. Review your Life Cover

Once your kid is born, a new life comes into existence. It’s now an additional responsibility you and your spouse have on your shoulder. All the future and current expenses needs to be taken care. Think about it, all the school expenses, future education expenses, providing for all the best things in life – This all is going to cost a lot of money and the breadwinner is going to provide for that. So, if something happens to breadwinner, your life insurance should provide all these expenses. So make sure you increase your life cover after reviewing all the numbers. In case you have not yet taken any life insurance, I strongly recommend now get a life insurance plan. As a thumb rule, I think increasing your life cover by Rs 50 lacs is the minimum you can do.

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