How to Save Money for Children
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Table of Contents
5 tips to save money when you are going to have a child
1. Start planning well ahead of time
2. Buy essentials in bulk
3. Where possible, borrow, reuse or DIY
4. Use cash instead of credit
5. Invest in a child plan
Conclusion
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Disclaimer
¹ Provided all due premiums are paid.
³ ABSLI Child Future Assured Plan (UIN: 109N124V01) non-linked non-participating individual life insurance savings plan
ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000
ADV/6/22-23/477
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