When it comes to your child’s future, its always the best, no compromise. So, when Jui and Vineet had a child, Jui of course started looking for options that delivered safety, well-being, career or financial security. She went right to the new mother playbook, the best diapers, the best milk for children, the best kindergarten.

However, in this pursuit, she overlooked something. Long-term financial and security plans for her child. And like most new parents she really didn’t think about it.

It was only when she met her sister Anushka, a mother of two, she realized the importance for planning their children’s higher education. Anushka kept on telling her the expenses she faced – school fees, tuition fees, extracurricular activity fees.

Jui could only wonder what more expenses would be up ahead higher education, medical emergencies and marriage. All of this could cost a fortune. And she couldn’t just let Rajesh take this burden on all by himself. Even she wanted to do her part in securing her child’s future. In fact, she wanted to secure her child’s future by herself.

She immediately met her personal advisor and told him her current predicament, hoping for a solution. He advised her to invest in a child education plan.

Child plans are not only beneficial in accumulating money but can also provide comprehensive protection for your child and family. The need to invest for your child’s education is a must, as the current inflation rate and the inevitable cost of education could be a major concern in the future. Take this as an example, if the current cost is Rs 10 lakh to Rs 18 lakh for an MBA course, can you imagine the cost in the next ten years?

A sound investment plan like children education plans or child planswill enable you to provide your children with proper resources at the right time so that they reach their career goals.

Additionally, investing in a child plan, which are generally ULIP or traditional insurance plans, would protect your child in the future, if at a time you weren’t there to take care of his or her needs.

Jui’s advisor further explained the benefits of a child education plan, and how such plans help overcome the onset of more expenditures in the future. Child education plans are multipurpose, which make them more exclusive your child’s educational needs. Eventually isn’t that what we truly want for our child.

Disclaimer: This survey is conducted by Nuvama Wealth. It is for general purposes only and take into account your individual needs, investment objectives and specific financial circumstances. The information shared with us will remain confidential and will be solely used for the purpose as addressed. Edelweiss Wealth Management agrees to hold the information shared through the survey in confidence and not share any information without prior intimation or written consent.

Nuvama Wealth refers to Nuvama Wealth and Investment Limited.

• Trading & Demat A/C will be opened with Nuvama Wealth and Investment Limited.
• Open your Demat account now and avail the benefit of ZERO Account Opening Fees.
• *Open your Demat account and get FREE Demat AMC for Lifetime.

We will ensure SEBI and exchange guidelines with regard to opening trading and demat a/c. Brokerage will be charged within the maximum slab defined by exchange guidelines.

Broking services offered by Nuvama Wealth and Investment Limited (NWIL),formerly known as Edelweiss Broking Limited, is a 100% subsidiary of Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited). Registered office of NWIL is at 201 to 203, Zodiac Plaza, Xavier College Road, Off C G Road, Ahmedabad, Gujarat – 380009. Contact: (079) 40019900. Corporate Office address is Eight Floor 801 to 804, Inspire BKC G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai-400051. It is a Member of National Stock Exchange of India Ltd (Member Code: 13116), BSE Ltd (Member Code :3261), Multi Commodity Exchange of India Limited (Member Code :56520), Metropolitan Stock Exchange (Member Code :86100) and National Commodity and Derivatives Exchange Limited (Member Code :01279) and having SEBI registration no. INZ000005231. Depository Participant SEBI Registration No.: IN-DP-656-2021 with NSDL having DP ID: IN302201 & IN303719 and with CDSL having DP ID: 12032300. Research services are offered by NWIL under SEBI Registration No. INH000011103.

NWIL also acts in the capacity of distributor of Edelweiss Mutual Fund and other AMCs under AMFI Registration Number – 70892 and in capacity of a Corporate Agent; registered with IRDA having Licence number: CA0131. Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing. Investment in the securities involves risks. The user is required to undergo risk profiling before investing. Guided view is indicative in nature and is based on the information provided by the user voluntarily. Each user of this information should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred here (including the merits and risks involved) and should consult his own advisors to determine the merits and risks of such investment. Past performance is not necessarily a guide to future performance.