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Hi guys,
My son is just 3 years old, I think he is quite good at drawing and has artistic skills. Maybe he can be a commercial artist or a Interior Designer someday. I was wondering that if I need to secure his education in India, which plan should i go for?
Can you help me out with a good strategy as to which plan should i go for. Any help would be great. Thanks! 
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Hello Anita,
There are quite a number of insurance plans for children along with various options. ( Yearly payment and also One time Payment ) U would need to decide how much amount you can spare month on month or in a year towards Insurance Premium charges. Depending on the outflow, a suitable plan can be suggested and you can get your money along with the bonus when your child finishes school and gets in to college.
Sanjay
> AnitaKhanna wrote:
> Hi guys,
My son is just 3 years old, I think he is quite good at drawing and has artistic skills. Maybe he can be a commercial artist or a Interior Designer someday. I was wondering that if I need to secure his education in India, which plan should i go for?
Can you help me out with a good strategy as to which plan should i go for. Any help would be great. Thanks! 
Offline
Hi Anita,
Nice to know that you are already planning for you child's future.
However before choosing a policy you must take into account how much money you want to keep aside for your child's education. Also does that policy gives you flexibility?
When i had a similar query about my child's future i had tried to look into many plans, but my experience says that Aviva Child Insurance is good when it comes to securing a future for you child. Check out the website: www.educationisinsurance.com
The child education policy will provide the funds needed by your child to pursue further education and assures that whatever happens in the future, your child will still have the means to pursue some of his goals in life
All the Best!
Priya
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> AnitaKhanna wrote:
> Hi guys,
My son is just 3 years old, I think he is quite good at drawing and has artistic skills. Maybe he can be a commercial artist or a Interior Designer someday. I was wondering that if I need to secure his education in India, which plan should i go for?
Can you help me out with a good strategy as to which plan should i go for. Any help would be great. Thanks! 
Dear Anita,
Its good to know that you are planning to save for your son's education and for his future, believe me not many people think and plan that early and then they repent later. I may be able to help you with some plans which can benefit your son and your family. I have also got this done for myself and my family. If you are interested email me at sambyal_rukku@yahool.com.
All the best!!
R . Sambyal.
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First with the help of a planner/advisor you should be able to estimate how much money is required in future to fulfill the needs of your child.Other factors to be considered..
Time frame for building a corpus
Age at which the fund would be required.
Approximate amounts to build the corpus.
Investment avenues to be considered.
The amount available to the child in case of death of parents or disability of the premium-paying parent.
Child plans come in two broad variants –Traditional child plans and unit linked insurance plans (ULIPs). The primary difference between the two lies in the way they invest their premium. Traditional plans invest a major portion of their money in debt instruments like corporate bonds and government securities (as specified by the regulator). Conversely, ULIPs can invest across equity and debt markets in varying proportions.
Parents have plenty of choice; they can either opt for a regular ‘Traditional endowment plan’ which carries relatively lower risk since it is invested mainly in corporate bonds and government securities. The bonuses are stable and give the parent considerable comfort knowing roughly how much he can expect. Regular endowment plans are suited for parents with a low risk appetite..
Popular ones.. are LIC, HDFC, ICICI, UTI, MAX NEWYORK, KOTAK MAHINDRA...
cheers
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> Priyanarsinghani wrote:
> Hi Anita,
Nice to know that you are already planning for you child's future.
However before choosing a policy you must take into account how much money you want to keep aside for your child's education. Also does that policy gives you flexibility?
When i had a similar query about my child's future i had tried to look into many plans, but my experience says that Aviva Child Insurance is good when it comes to securing a future for you child. Check out the website: www.educationisinsurance.com
The child education policy will provide the funds needed by your child to pursue further education and assures that whatever happens in the future, your child will still have the means to pursue some of his goals in life
All the Best!
Priya
Thats awesome Priya....
Thanks for the information 
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hi all...
how to insure my child?? he is just 4 years old..
thanks....
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Hi Alina,
Since you are looking at insurance for your kid, you could look at the insurance options available in the market. It is praiseworthy that you have started planning for you child way before he grows up.
You could browse to find any policy.
Personally, I have a Bajaj Allianz policy for my family which I am finding considerably good. You can choose from the many options available.
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There are lots of Child Insurance Plan for kids & children these days. The only thing to be kept in mind is to do a thorough research before proceeding with any company. of course LIC is one of my favorite. A lil bit of efforts & endeavors could secure your CHILD's life.
Good luck!!
Take care
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If you have to go for Child plans, here is a comprehensive list:
http://www.bajajallianzlife.co.in/2Brightfutures/home/childplan-childgain.html
Hope you find this useful!!
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I would suggest that before investing you first decide how much money you may need in future! Its a good practice as it will help you come down to an approx figure for your childs education. You can try using aviva educost for the approx cost of fees in future.
Also in terms of a good child education plan i would recommend you go with Aviva new young scholar plan. Its easily better than ICICI star and aegon religare ones....Nice crafted to suit your needs...one of my friend has already invest in it only last month.
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