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HDFC Children's Plans : |
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Why do I need Children’s Plans? |
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Children’s Plans helps you save so that you can fulfill your child’s dreams and aspirations. These plans go a long way in securing your child’s future by financing the key milestones in their lives even if you are no longer around to oversee them. As a parent, you wish to provide your child with the very best that life offers, the best possible education, marriage and life style.
Most of these goals have a price tag attached and unless you plan your finances carefully, you may not be able to provide the required economic support to your child when you need it the most. For example, with the high and rising costs of education, if you are not financially prepared, your child may miss an opportunity of a lifetime.
Today, a 2-year MBA course at a premiere management institute would cost you nearly Rs. 3,00,000/- At a assumed 6% rate of inflation per annum, 20 years later, you would need almost Rs. 9,07,680/- to finance your child's MBA degree.
An illustration of how education expenses could rise with passing time due to inflation |
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Standard Life Survey 2008. Inflation assumed as 6% p.a. |
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So, how can you cope with these costs? Children’s Plans help you save steadily over the long term so that you can secure your child’s future needs, be it higher education, marriage or anything else. A small sum invested by you regularly can help you build a decent corpus over a period of time and go a long way in providing your child a secured financial future along with |
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Types of Children’s Plans |
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Our range of Children's Plans includes |
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| Conventional Plans |
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Unit Linked Insurance Plans |
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| HDFC Children's Plan |
HDFC Young Star Super |
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HDFC Unit Linked Young Star II |
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HDFC Young Star Super Suvidha |
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HDFC Unit Linked Young Star
Plus II |
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HDFC Unit Linked Young Star
Champion* |
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Let Us Help You Choose The Right Plan For You |
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Would you prefer to take a |
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A) Traditional plan in which the insurance company takes all the investment decisions on your behalf over the entire policy term |
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B) Return on the policy is in the form of bonus payable on maturity. |
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Would you prefer to take a Unit Linked plan, where |
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A) You can regularly monitor and review your investment decision according to your need |
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B) The choice of investment and the investment risk you take is in your control. |
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C) Return is in the form of growth in the NAV |
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