Schedule a call Click here
Give missed call to buy +91-9980970424
Contact Us
For NRI Customers
(To Buy a Policy)
(If you're our existing customer)
For Online Policy Purchase
(New and Ongoing Applications)
Branch Locator
For Existing Customers
(Issued Policy)
Fund Performance Check
Login
Customers
Employees
Partner
Inflation And Child-Plans: What Must You Do – HDFC Life
While choosing a child-plan, you must ensure that the total coverage offered suits the specific life goals of your child in a futuristic manner. All child plans are basically futuristic in projection and hence, any financial decision of investing in them has to be futuristically oriented. Time is also of essence and therefore, it is very important to act as soon as possible. This is because taking a timely decision allows you the advantage of making the coming years economically productive in your favor and gives you sufficient time to build and retain sufficient coverage by the time your child is ready for the planned goals.
While choosing a child plan, you have to choose the main child plan benefits in such a manner that the complete financial coverage must be ensured at all times. This is where the very crucial factor of inflation comes into play. Inflation is the projected increase in prices of commodities and services over a period of years. All aspects of financial activities witness the impact of this factor of inflation sooner or later and this includes your child’s aspirations as well. For instance, the costs of higher education in India and the costs involved in your child’s marriage will definitely be more than what they are now. Any amount of coverage will therefore, prove to be insufficient if inflation is not taken into account.
The best way is to list out and prioritize the different goals and events for which you are seeking coverage. Once this is done, you must then visit the online portals of different insurers for thoroughly checking and comparing the various plans and their features. This will help you in getting a broad idea about the suitable coverage that you require for your child. You can also seek online consultation from professional experts regarding the total coverage that you must aim for. This will not only ensure that there is due financial reserve at the time of requirement but will also allow you to focus on your child’s development without any financial stress.
HDFC Life offers HDFC Life YoungStar Udaan – a child specific plan that is meant for the future financial guarantee of your child and is formulated to serve as an effective aid for enriching their dreams and aspirations. For details, click on the mentioned link: https://www.hdfclife.com/children-insurance-plans/youngstar-udaan.
Inflation and child-plans: what must you do
Term Plan Articles
Investment Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance solutions - protection, pension, savings, investment, annuity and health.
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: Buyonline@hdfclife.in, Tel No: 1800-266-9777 (10 am to 7 pm). The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
|
Popular Searches
- Best Investment Plans
- What is Term Insurance
- 1 Crore Term Insurance
- Short term saving plan
- Saving plans
- ULIP Plan
- Health Plans
- Child Insurance Plans
- Group Insurance Plans
- Long Term Savings Plan
- Fixed Maturity Plan
- Monthly Income Advantage Plan
- Pension Calculator
- BMI Calculator
- Compound Interest Calculator
- Term insurance Calculator
- Tax Savings Investment Options
- 2 crore term insurance
- 50 lakhs term insurance
- annuity plans
- Investment Calculator
- get pension of 30000 per month
- ULIP Returns in 5 Years
- investment plan for 5 years
- investment plan for 10 years
- 50-Lakh Investment Plan
- guaranteed returns plans
- sanchay plans
- Pension plans
