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    CHILD EDUCATION

    Start now, to financially secure your child’s future

    Last Updated On 04-03-2016

    As a parent, you worry endlessly about your child’s safety and wellbeing. “Is she doing alright?” “What will he grow up to be?” “Am I doing everything I can to give them the best?” are questions that often plague our minds.  With things around us changing at a break neck speed, doing enough will never seem to be good enough. Besides wishing for your child’s health, being able to provide your child with the best education is the biggest concern and priority for most young parents today. A good education ultimately, is the best investment for a secured and better tomorrow.

    An MBA course alone costs anywhere between INR 6 lakhs to INR 50 lakhs depending on the institute and the location. Now, considering the current rate of inflation and the steeply rising cost of education, it is estimated that an MBA course that will treble or quadruple after 20 years. So how do we as young parents, prepare for this uphill task without compromising on our current expenses? 

    One of the best ways to be adequately prepared is - starting young! You need to start thinking about securing your child’s financial future early in life, in order to build a sizeable corpus. Traditionally, most parents looked at financial instruments such as fixed deposits or PPFs to save for their child’s education. However, instruments like these miss out on the critical aspect of inflation when drawing out a financial plan. Savings alone will then be insufficient to finance your child’s education. These financial instruments work on the assumption that the parent will be present to invest regularly and none of them guarantee funds irrespective of that.

    Building a sizeable through financial instruments depends a lot on your health and wellbeing as well, and that’s a constant worry. Insurance therefore becomes a pertinent tool, which can be used wisely. Insurance is simply - protection to your immediate family if something had to happen to us, to secure dreams and aspirations of our dear ones in our absence.

    Child Insurance is an ideal financial instrument to save for your child’s education as it will not only beat inflation, but will also make sure that your child’s professional aspirations are fulfilled, whether or not you are around. Child insurance policy gives out a lump sum amount at the end of the policy term and ensures that the funds are available to meet his/her professional goals. In case of an unfortunate demise of the parent, all future premiums are waived off by the insurer and the lump sum is paid out to the nominee on maturity. 

    A child-insurance policy acts as a double-benefit instrument. It helps you safeguard your child’s future early on by building a sizeable corpus and gives you the peace of mind that your child’s future is secured irrespective of your presence.

    If you are planning to get a Life Insurance visit PNB MetLife

    Disclaimer:

    The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
    IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969 Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

    EC217 LD/2019-20/228

    BEWARE OF SPURIOUS/FRAUD PHONE CALLS!
    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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