10 Smart Actions Every Indian Parent Should Take, Once Their Baby Is Born.
10 Smart Actions Every Indian Parent Should Take, Once Their Baby
Is Born.
8. Don’t invest in CHILDREN PLAN
The
moment you become parents, apart from the joy and happiness, some part inside
you will also be “very worried” about the kid’s future and how you will provide
him/her best in life. This is the perfect mis-selling moment on the name of kid
by various agents. All the insurance agents will come to you and try to sell
you a CHILD PLAN. You will be sailing on the emotional boat at that moment and
you will hear sentences like – “Gift you kid his bright future” and “This is
the perfect thing you can buy for your kid in the start”.
While I
am not against any policies and plans, but these Child Plans are often designed
to exploit these kinds of emotions and things are bundled in such a way that
they look over attractive proposition to a new parents for their kid. Inside
the product it’s often the mix of insurance and investments with some kind of
payout on regular basis. These are high on costs and a bit complex products.
It’s nothing but slightly changed versions of ULIP’s or traditional insurance
plans.
In case
you are really impressed with those products, my suggestions is to wait for
some months, and later study them properly and then buy them if you are fully
convinced about them. In general I would recommend any new parent to insure
them with a simple Term plan and either open a Recurring Deposit or just invest
in a simple mutual fund with SIP route to start with.
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment