There are many traditional ways you can invest for your child’s future. For decades people have been investing in gold, real estate or in FDs and RDs. Though these are the popular means of investment, returns on FD and RD investments can’t meet the growing education cost and inflation rate.
While investing in gold or real estate can be an option, the prices tend to fluctuate, and returns are uncertain. Also, one has to wait for the payouts after selling these assets. A right Child Savings Plan tackles all the hurdles. A Child Savings Plan helps you with finances on every important step in your child’s education. It also acts as a life cover in case of the insured parent’s untimely death.