Advice for Child Education You'd be Crazy Not to Take

NAGPUR, India - Feb. 19, 2022 - PRLog -- Education is the foundation of your child's future. A child education plan should account for tuition, accommodation as well as probable overseas education. In this age of cut-throat competition and ever-increasing education fees it is important to start saving early on.

"A Study by financial institutions reveals that 30% of parents who didn't plan their child education leads to face Financial problems in their child's future education."

Most parents start with small amounts for young children and keep increasing their contributions as the goal nears. The Imperial Money Child education plan gives you the flexibility to increase your premiums as per convenience.

You are making the right choice when you choose to invest in education of your children. And what better way than investment!  Saving money to make more money invest your money in SIP.

For example:

If your child today is 5 years old, so let's say at the age of 18 he will need 25 lakhs for his/her further studies.  Now you have 13 years to save money for your child's future education. So if you invest Rs. 7,000/- per month for a period of 13 years, you can create your wealth equivalent to Rs. 26,31,518/-

By investing in child education plans, you help secure your children's future. However, it is important to do your research beforehand and to read all the details on the product features before you invest in one.

This child education calculator (https://www.imperialfin.com/education-calculator/) helps you set goals for your child's education. This will help you plan systematic investments to achieve a predefined goal.

This child education planning calculator is designed to help you plan for your child's future. Calculate how much corpus you would require for your child's education and determine the amount of investment you need to do every month for each target year, along with estimated returns.

This child education calculator also considers your risk profile (conservative, moderate or aggressive) to suggest investment schemes.

The results generated by this child education planning calculator are approximations and the actual corpus achieved is likely to differ from the ones indicated by the calculator for child education.

This child education cost planning calculator helps you to estimate and understand the amount that you need to invest for your child's education, according to his/her current age.

Please note that the investment schemes mentioned above are purely for informational basis and this child education cost planning calculator should not be construed as 100% accurate. There are multiple avenues available where you can invest and draft a desired child education plan.

It is recommended that users consult their financial and wealth management consultants before making any investment decision.