How To Plan For Child Education And Marriage?
6. Aegon Life Rising Star Insurance Plan –
This unit-linked plan protects your child against any kind of emergency. Some key features are,
- This plan offers financial security for your child’s education by triple benefit insurance coverage, till your child turns 25 years. This plan comes with 4 different fund options. You are eligible for withdrawals after the completion of 5 years. This plan offers maturity benefits and death benefits. You can pay an add-on premium in the form of top-ups.
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Which is the best investment plan for girl child in India?
Top 5 Investment Schemes for Girl Child – Investment schemes for girl children should fulfil their financial obligations at different stages in their life.
- Sukanya Samriddhi Yojana(SSY) The scheme has been introduced by the government to benefit girl children in India. The account must be opened in the name of the girl child. The minimum and maximum annual investments can range between ₹250 and ₹1,50,000. The payment can be made by the parents annually. The interest rate is between 7% and 8% and is compounded annually. The policy matures when the girl child is married after age of 18 years or attains 21 years of age (whichever is early). One family can invest in up to 2 SSY accounts while saving on tax*. The interest rate is subject to change; hence, checking and verifying it before opening the account and investing in it through the policy term is important. Children Gift Mutual Fund It is a type of mutual fund targeted toward achieving the different life events of a child, such as marriage, higher education, etc., The mutual fund scheme is further classified into debt-oriented and equity-oriented hybrid mutual funds. If you opt for the hybrid equity mutual fund, the exposure to equity investment is more than 60%, and if you opt for the hybrid debt mutual fund, the exposure to the debt fund is more than 60%. The parents or guardians can invest in such mutual fund schemes in the name of the minor child. Before you decide on the type of investment plan for your girl child, analyse your financial objectives, the extent of risk you can afford, the cost of the product, lock-in period, rate of return and the steady flow of your income.
Unit Linked Insurance Plan A child insurance policy is another savings option that can help secure their life and accomplish their financial objectives timely in the future. Comprehensive life insurance plans such as the ULIP plan can provide life cover and market-linked returns on maturity. Therefore, the insurer will utilise the premium for ULIP policies to provide life coverage and help you invest in financial securities to increase wealth creation opportunities. You can purchase the ULIP policy for your girl child and save in it according to your risk appetite. For example, the insurance providers offer equity, debt and balanced fund options. And while investing in child plans such as the ULIP policy, you can also switch between the fund options during an economic downturn. Tata AIA life insurance plans provide 11 fund choices and the option to analyse, purchase and maintain them online. With the help of our expert fund managers, you can switch to a more stable fund option and secure your invested amount, considering the market volatility. National Savings Certificate(NSC) It is a government-sponsored financial investment initiative that can be opened in the name of a minor child. The interest rate is 6.8% per annum and is subject to change. The minimum investment amount is ₹1000 and has a lock-in period of 5 years. It is a safe investment option for conservative investors. The investment made in NSC qualifies for a tax* deduction upto ₹1,50,000 under Section 80C of the Income Tax Act, 1961. Post Office Term Deposit The India Post Department offers a range of savings schemes for the people of India to satisfy financial goals in their life. The post office term deposit can be considered an investment for a girl child to save funds and accomplish various money goals such as higher education, marriage, etc., The account can be opened by the parent or the guardian in the name of a minor child. The maturity period ranges between 1 and 5 years. For a 5-year term deposit scheme, the investment will qualify for a tax* deduction under Section 80C of the Income Tax Act, 1961. The accumulated fund and the interest earned will be the maturity benefit. The minimum investment for the post office term deposit is ₹1000, and the interest rate can be between 5.5% and 7%. It is one of the valuable investment schemes for a girl child considering the benefits if the investment is made consistently over the entire policy tenure.
Which plan is best for child future?
Features and Benefits Kotak Headstart Child Assure Plan –
This is a unit linked insurance plan without a bonus facility. The plan offers 7 different fund options to invest in. The triple benefit offered by the policy ensures the financial security of the child, in case of the demise of the parents during the tenure of the policy. The insured can make free switches between funds. Tax benefits can be availed under Section 80C and 10(10D) of the Income Tax Act.
Which age is best for married?
Page 26 – This article courtesy of the Getting married when you’re too young could result in divorce, of course. But waiting too long—and it’s not nearly as long as you might think—could be just as problematic. Newer research shows that divorce trends in America are changing.
But can your marriage really be at risk before it even begins? The Goldilocks Theory “The ideal age to get married, with the least likelihood of divorce in the first five years, is 28 to 32,” says, a marriage and family therapist at Birmingham Maple Clinic in Troy, Michigan. “Called the ‘,’ the idea is that people at this age are not too old and not too young.” Krawiec explains that people should be “old enough” to understand the difference between true compatibility and puppy love, yet “young enough” that they’re not set in their ways and unwilling to make adjustments to habits and lifestyle.
At least wait until your brain stops growing “There is a certain maturity level that a person reaches where they will likely succeed in their marriage, and it usually happens after age 25,” says Alicia Taverner, owner of, “In my practice, I see couples who are on the verge of divorce,
- They married before they found themselves and before they had the experiences that come with the ‘singledom’ of your 20s.” From a scientific standpoint, the, and that maturity can happen as late as age 25 or even 30.
- Life decisions made prior to age 25 can be problematic because they’re made without a fully developed ability to reconcile moral and ethical behavior.
In other words, teen and very young marriages are typically doomed to fail. Statistically, an individual who marries at age 25 is more than 50 percent less likely to get divorced than is someone who marries at age 20. “The late 20s and early 30s are when people’s professional careers are coming into play and finances can be worked out,” says of the law firm in Fort Lauderdale, Florida.
- It’s the age where ‘love’ is less idealistic and people are a little more real about their expectations.” Don’t wait too long Couples in their 30s are not only more mature, they are usually more educated and tend to have a more secure economic foundation.
- Can be a major divorce trigger.) A study for the Institute for Family Studies looked at data (2006-2010) from the and found, not surprisingly, that prior to age 32, each additional year of age at marriage reduces the odds of divorce by 11 percent.
However—and this differs from previous findings—the odds of divorce after age 32 or so increase by five percent per year. Since about the year 2000, the for people who married in their 30s has flattened, rather than declining as it had done in years prior.
Simply stated: Today’s couples who tie the knot after their early 30s are more likely to divorce than those who wed in their late 20s. The Institute for Family Studies research was conducted by, professor of family and consumer studies and adjunct professor of sociology at the University of Utah. Even after making demographic and social adjustments to the NSFG data, Wolfinger found that the new trend held steady.
For almost everyone—regardless of sex, race, religious tradition, sexual history, and the family structure they grew up in—the late 20s appears to be the best time to marry. Single too long? Wolfinger’s data only tracks first marriages to the age of 45, so perhaps chances aren’t as dire as they seem for those who marry later in life.
And our increasing lifespans are (and dangers) for marriages in general. But a person’s general temperament may also play a role. “The kinds of people who wait till their 30s to get married may be the kinds of people who aren’t predisposed toward doing well in their marriages,” he conjectures. “Consequently, they delay marriage, often because they can’t find anyone willing to marry them.” That might seem harsh, but others have described this possible as well.
“When they do tie the knot their marriages are automatically at,” says Wolfinger. More generally, however, he notes the Darwinian element at play, as people who marry later face slim pickings in “a pool of potential spouses that has been winnowed down to exclude the individuals most predisposed to succeed at matrimony.” Dallas family law attorney agrees and says, “If someone has not married before their late 30s or into their 40s, they are less likely to be willing to give the relationship the flexibility it may need to flourish.” Of course, all the data and the doomsayers in the world could easily be wrong, and love is love no matter how old—or young—you are.
- No two people are the same,” says Anderson, “and I wouldn’t want a couple to lose one another just because they don’t think they are the right age.” Mary Fetzer is a professional freelance writer and editor.
- She has 10 years of experience writing articles, blog posts, and press releases for online publications and has covered an enormous range of topics ranging from personal finance and international trade to pregnancy and senior living.
Mary also writes about legal issues in everyday life on the, provides free answers from lawyers, client reviews, and detailed profiles for 97 percent of all attorneys in the U.S.; follow them on and, makes legal easier by providing free answers from lawyers, client reviews, and detailed profiles for 97% of all licensed attorneys in the U.S., so you can find the lawyer who’s right for you.
View complete answerHow to invest for child marriage?
Benefits of using the ClearTax Child’s Marriage Planning Calculator –
- The ClearTax Child’s Marriage Planning Calculator shows you the amount required for the child’s marriage, right now. It helps you to accumulate the corpus, based on your time horizon and risk profile.
- If you know the future marriage costs, you can plan a memorable wedding for your child.
- You can invest small amounts regularly through the SIP of a mutual fund, and accumulate the corpus for the child’s marriage. You must invest in equity only if it matches your risk profile.
- The ClearTax Child’s Marriage Planning Calculator helps you to choose the best financial instruments to achieve your financial goal.
What is the best way to save for kids education?
Open a 529 Plan – You’re probably familiar with 529 plans, one of the best and most popular ways to have a college fund for kids. The savings plans, usually sponsored by state governments, encourage saving for future education costs. They often are tax-friendly in the sense that many states will let you deduct your contributions from your state income tax, and when you withdraw the money for college, the money won’t be taxed.
You can put money into your own state’s 529 or any other state’s plan. Like snowflakes, all state plans are not alike. So if you live in Idaho but like Indiana’s plan better, go for it. But open up an account sooner rather than later. “It’s never too late to start saving for education, but we do encourage parents to start saving when their children are young.
The more time the account has to grow, the more money kids will have available when they need it for education,” says Laura Morgan, vice president of communications, savings and legal affairs at College Foundation Inc., the nonprofit umbrella organization which oversees North Carolina’s NC 529 Plan.
It often doesn’t require much money to get started. In NC 529’s case, Morgan says you can open an account for $25. The important thing, of course, is to keep contributing money to your child’s 529 every year and preferably every month. Otherwise, the interest on that $25 isn’t going to amount to all that much over the next 18 years.
In fact, a common mistake that parents make is setting up the 529 and then forgetting to fund it, according to Steve Azoury, owner of Azoury Financial, a financial planning firm in Troy, Michigan. “It is best to schedule a systematic deposit each month into the plan, so it doesn’t get away from you.
- You should also notify your family members about the plan, so when it comes to birthdays and Christmas gifts, they can consider making deposits into it,” Azoury says.
- Andrew Wood, a retirement planning advisor with Daniel A.
- White Associates in Middletown, Delaware, agrees that too many parents tend to procrastinate on opening up a 529 plan.
“With education costs continuing to climb, the time value investing is vital,” Wood says. “The most valuable dollar invested is the first dollar invested, with time and compounded interest. Don’t wait until it’s too late.” But Wood points out that “time is also important on the back end.” When your kids are reaching college age, you want to pay attention to your 529 and make sure it’s set up properly, he explains.
- In other words, you don’t want to be close to the finish line, where it’s time to use the money to pay for college, and then lose a lot of money due to a bad day in the stock market.
- Make sure you are revisiting risk tolerance within the plan the closer you get to using the funds for education expenses.
If you’ll need the funds soon, you’ll likely want to consider scaling back on the risk,” Wood says.
View complete answerHow to invest for your child’s education?
What is the best way to invest for your child’s education? Their children’s education is one of the biggest cash outflows that parents must plan for. It is also one of the most important and worthwhile investments you can ever make. With the inflation rate close to 20%, and the drastic loss of value of the naira, a huge concern for Nigerian parents is about how to fund their children’s education whether in Nigeria or overseas.
Whilst it is true that financing your child’s education comes with challenges, these can largely be overcome with careful long term planning and taking the right steps. The most obvious solution is to start saving early. By doing this,there is the prospect of growth through the power of compound interest; indeed it is over time that compounding works best.
A delayed start not only yields a smaller fund, but it can also jeopardize other financial goals. If you only start saving and investing for your child’s education in your 40s, you are likely to fall short and be forced to dip into your retirement savings to fill the gap; this is risky.
Remember, just because you have funded your children’s education, there is no guarantee that they will be willing or able to look after you in your old age. In order to accumulate enough money to finance your child’s education, it is not enough to start early, it is also important to invest right. Education funding is not a short-term expense; indeed it is a long-term commitment that can stretch well over two decades depending upon how far they choose to go, and of course how much you can afford.
Here are some of the options: If you have a time horizon of less than five years, it is best to rely primarily on fixed income securities, which are likely to offer very low yields, which will hardly keep a pace with inflation. However, these offer guaranteed returns and safety of capital.
In the short term, these factors become very important as you need easy access to your funds when you need them. Money market funds, Treasury bills and fixed deposits are some of the instruments to park short-term funds to meet bills over the next 1 – 3 years. Include bonds in the mix. The yields on bonds are typically more attractive than what you would obtain in your bank deposit.
If you do not need the money immediately, bonds will give you a relatively better return without the attendant risk, of course depending on the issuer. For education funding, parents can predict their investment earnings and determine how much they need to contribute to accumulate the fees by the time college starts.
Whilst many people are nervous about investing in the stockmarket, it is still generally regarded as one of the best options for long-term investing; in the shorter term it can be risky and volatile. If you have, say over 10 – 15 years left before your child starts college, stocks should be considered in the portfolio mix.
Over such a long period, you are able to ride much of the volatility. Your risk appetite, the length of time you can afford to invest for, will determine how high your allocation to equities might be. Equities are necessary to counter not just the general rate of inflation but education inflation as well, which can be as high as 10 – 15% per annum.
Mutual funds are one of the most popular investments and using this as a vehicle to help fund a college education is a good option. Your fund choice will generally depend on factors like a child’s age, your risk tolerance, and ultimate financial goal. There is a broad array to choose from including, money market funds, Stock and stock funds historically have generally outperformed other investments over the long term.
These pooled investments give access to a wide range of shares so spread the risk. If you have the time, inclination and expertise you can consider investing directly in stocks. Have you considered an Educational Savings Plan? Insurance is a very useful tool that is often ignored when it comes to education planning.
Yet, leading insurance companies in Nigeria offer Educational Savings plans that help parents prepare for their children’s education over time to avoid the sudden huge expenses that come from inadequate planning. The Education Protection Plan which helpto ensure the continuation of a child’s education should their sponsor become critically ill, disabled or die.
Investing in property to fund education is a time-tested method as this asset class provides three main sources of funding opportunities; you can sell the property, use the rental income to pay school fees and other expenses, or borrow against a property.
- If you have built up equity in your property, you may be eligible to borrow a part of it; this is the difference between the market value of your property and the outstanding mortgage loan.
- Be mindful of the fact that the interest rate is comparable to other borrowing options so be careful; with interest rates in the twenties, this can become a huge strain.Consider this option only where you have the capacity to service the loan as if you default, you could lose the property in a foreclosure.
An educational trust fund is another option; it is simply a trust established with the sole purpose of providing funding for education.Essentially, the terms of the Trust provide that deposits or contributions to the Trust can be made periodically andthe funds are managed by a trustee for the specified educational purpose.
At the appropriate time distributions or withdrawals can be made from the Trust to fund the education of beneficiaries. It is not enough to invest and go to sleep as all investments come with risk. Ideally, a diversified portfolio should be reviewed periodically, and certainly at least once a year to ensure that it still meets with your objectives.There are two components to educational planning: The costs of tuition and living costs.
Is the portfolio performing and still on track to meet your goals? Is your original estimate of costs still valid or does it need adjusting. If the numbers aren’t adding up, you may need to increase your investment. As always it is important to seek professional advice before you invest.
View complete answerHow do I start saving for kids education?
How to Start Saving for Your Kids’ College Raising kids is expensive: On average, the expenses of one child from birth to age 17 add up to over $300,000, according to the latest data from The Brookings Institution. And that doesn’t even account for the massive expense of postsecondary education.
- A found that 1 in 5 parents of children under 18 (20%) haven’t started saving for their children’s college education, but want to.
- Here’s how to begin.
- When choosing an account for college savings, look into tax-advantaged options.
- One such option is a 529 account, which is specifically designed to save for education expenses.
A allows your savings to grow tax-free, and some states even offer a tax deduction on your contributions. The downside of a 529 account is that if you withdraw the earnings for anything other than qualified education expenses, you will be penalized. You can change a 529 beneficiary to another member of the family, so if your child decides not to go to college, you can pay for qualified education expenses for another child or even yourself, but there’s the risk that you won’t need the funds for education at all.
There are also limited investment options with a 529. Another savings option is a, which is traditionally used as a retirement account, with earnings that grow tax-free. Contributions to a Roth IRA are limited to $6,000 a year — $7,000 if age 50 or older — for the 2022 tax year. There are also income restrictions, and contributions can’t exceed earned income.
So, unless your child earns money, you’ll likely have to use your own Roth IRA to save for your kid’s college. Contributions to a Roth IRA can be withdrawn at any time, but earnings are usually subject to a penalty if you withdraw them before you turn 59 1/2.
If you made the first contribution to your Roth IRA at least five years before, you can also withdraw the growth for qualified education expenses. The benefit of using a Roth IRA over a 529 account is flexibility: If your child doesn’t go to college, you can leave the savings in the Roth IRA for your retirement.
Also, you have more investment options. The average tuition cost at a public four-year in-state university is $10,740, in 2021-22, according to the College Board. If your child is young, this will likely be much higher when they’re ready for college. Costs will be higher still if they don’t live at home and need to pay for room and board.
- It can be overwhelming to think about how much your child will need to pay for college, but the best thing you can give your money is time to grow.
- That means putting some money away on a regular basis even if it feels like a drop in the bucket and starting as soon as possible.
- Let’s say you deposit an initial $200, then save $50 per month from birth through age 18.
By the end of that time, you’ve contributed $11,000, but when you include modest investment returns of 5%, you’ll actually have $18,025 saved. That may not be enough to cover four years of college, but it makes an impact. And that’s assuming your savings rate doesn’t increase.
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Promotion Get $100 when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply. Paid non-client promotion Over time, you’ll probably find extra money in your budget that could boost college savings, like a tax refund or merit raise. Child care costs will also likely diminish or go away as your child ages, lowering your fixed expenses. Make a plan early to use some of these funds to save more for college.
Perhaps you want to put one-quarter of any windfall into college savings, or you decide to reallocate funds that previously went toward child care into their 529. The details don’t matter, but you’ll want to make these plans before the money is in hand. Otherwise, extra funds have a way of allocating themselves.
The survey found that nearly 3 in 10 parents of children under 18 who have personal student loan debt (29%) prioritize saving for their kids’ education over saving for retirement. While it makes sense that parents want to keep student loan debt from burdening their children, retirement savings need to come first.
- Student loans are an option if your child needs them, but you can’t take out loans to cover your expenses in retirement.
- You don’t need to wait until your teenager’s junior year of high school to start thinking about how to keep college costs reasonable.
- Talk to your child early about how much you can afford to contribute to their education and the steps they can take to limit student loan debt.
This could mean starting out at a two-year college, choosing an in-state school and applying for scholarships. : How to Start Saving for Your Kids’ College
View complete answerWhich fund is best for kids?
Historic Returns Investment Returns Monthly Quarterly Annual Rank within Category Point to Point Return
Data in this table : Get performance rank within category. If 1Y column value is 3/45 that means, Fund ranked 3rd in terms of performance out of 45 funds in that category. NAV & Returns data as on NAV as on : 09-Dec-22.
Direct Plans Regular Plans Category Grouping
Scheme Name Crisil Rank 1W 1M 3M 6M YTD 1Y 2Y 3Y 5Y 10Y HDFC Childrens Gift Fund – Growth Plan Childrens Fund – 2/11 2/11 2/11 3/11 1/11 1/11 3/11 2/10 1/9 1/7 HDFC Childrens Gift Fund – Direct Plan Childrens Fund – 2/11 2/11 2/11 3/11 1/11 1/11 3/11 2/10 1/9 0/0 HDFC Childrens Gift Fund – Growth Plan Childrens Fund – 2/11 2/11 2/11 3/11 1/11 1/11 3/11 2/10 1/9 1/7 SBI Magnum Childrens Benefit Fund – Investment Plan – Regular Plan – Growth Childrens Fund – 6/11 5/11 4/11 7/11 2/11 2/11 1/11 0/0 0/0 0/0 SBI Magnum Childrens Benefit Fund – Investment Plan – Direct Plan – Growth Childrens Fund – 6/11 4/11 4/11 7/11 2/11 2/11 1/11 0/0 0/0 0/0 ICICI Prudential Child Care Fund – Gift Plan Childrens Fund – 3/11 1/11 3/11 5/11 3/11 3/11 5/11 4/10 6/9 3/7 ICICI Prudential Child Care Fund – Direct Plan – Gift Plan Childrens Fund – 3/11 1/11 3/11 5/11 3/11 3/11 5/11 4/10 6/9 0/0 Tata Young Citizens Fund – Regular Plan – Growth Childrens Fund – 8/11 4/11 1/11 1/11 5/11 4/11 2/11 1/10 2/9 4/7 Tata Young Citizens Fund – Regular Plan – Growth Childrens Fund – 8/11 4/11 1/11 1/11 5/11 4/11 2/11 1/10 2/9 4/7 Tata Young Citizens Fund – Direct Plan – Growth Childrens Fund – 8/11 5/11 1/11 1/11 6/11 4/11 2/11 1/10 4/9 0/0 UTI CCF- Savings Plan – Direct Plan Childrens Fund – 4/11 9/11 8/11 8/11 5/11 5/11 11/11 10/10 9/9 0/0 UTI CCF- Savings Plan Childrens Fund – 4/11 8/11 8/11 8/11 4/11 5/11 9/11 8/10 9/9 6/7 UTI CCF- Savings Plan – Direct Plan Childrens Fund – 4/11 9/11 8/11 8/11 5/11 5/11 11/11 10/10 9/9 0/0 UTI CCF- Savings Plan Childrens Fund – 4/11 8/11 8/11 8/11 4/11 5/11 9/11 8/10 9/9 6/7 SBI Magnum Childrens Benefit Fund – Savings Plan – Regular Plan – Growth Childrens Fund – 1/11 7/11 6/11 11/11 6/11 6/11 6/11 5/10 7/9 5/7 SBI Magnum Childrens Benefit Fund – Savings Plan – Regular Plan – Growth Childrens Fund – 1/11 7/11 6/11 11/11 6/11 6/11 6/11 5/10 7/9 5/7 SBI Magnum Childrens Benefit Fund – Savings Plan – Direct Plan – Growth Childrens Fund – 1/11 7/11 7/11 11/11 7/11 6/11 6/11 7/10 7/9 0/0 LIC MF Childrens Fund Childrens Fund – 7/11 6/11 5/11 6/11 8/11 7/11 10/11 9/10 8/9 7/7 LIC MF Childrens Fund – Direct Plan Childrens Fund – 7/11 6/11 5/11 6/11 8/11 7/11 10/11 9/10 8/9 0/0 Aditya Birla Sun Life Bal Bhavishya Yojna – Regular Plan – Growth Childrens Fund – 5/11 3/11 7/11 4/11 7/11 8/11 11/11 10/10 0/0 0/0 Aditya Birla Sun Life Bal Bhavishya Yojna – Direct Plan – Growth Childrens Fund – 5/11 3/11 6/11 4/11 4/11 8/11 9/11 8/10 0/0 0/0 UTI CCF- Investment Plan – Direct Plan – Growth Childrens Fund – 9/11 8/11 9/11 2/11 9/11 9/11 4/11 3/10 3/9 0/0 UTI CCF- Investment Plan – Growth Childrens Fund – 9/11 9/11 9/11 2/11 9/11 9/11 4/11 3/10 3/9 2/7 UTI CCF- Investment Plan – Growth Childrens Fund – 9/11 9/11 9/11 2/11 9/11 9/11 4/11 3/10 3/9 2/7 UTI CCF- Investment Plan – Direct Plan – Growth Childrens Fund – 9/11 8/11 9/11 2/11 9/11 9/11 4/11 3/10 3/9 0/0 Axis Childrens Gift Fund – Compulsory Lock-in – Regular Plan – Growth Childrens Fund – 11/11 11/11 11/11 10/11 11/11 11/11 8/11 7/10 5/9 0/0 Axis Childrens Gift Fund – No Lock-in – Regular Plan – Growth Childrens Fund – 11/11 11/11 11/11 10/11 11/11 11/11 8/11 7/10 5/9 0/0 Axis Childrens Gift Fund – Compulsory Lock-in – Direct Plan – Growth Childrens Fund – 11/11 11/11 11/11 10/11 11/11 11/11 8/11 6/10 5/9 0/0 Axis Childrens Gift Fund – No Lock-in – Direct Plan – Growth Childrens Fund – 11/11 11/11 11/11 10/11 11/11 11/11 8/11 6/10 5/9 0/0 What are 3 goals you have for your child?
Our goal is to foster a joy in learning and discovery that will serve a child over a lifetime. Goals for Children
Interact and get along socially with peers. Develop strong, good self-concepts, which will hold well into elementary school years. Be happy with school ideas and new friends. Develop self-control. Become aware of other’s feelings. Cope with stressful situations. Develop physical skills. Have a sense of satisfaction with their individualism and feelings of self-respect. Develop intellectually, socially, emotionally, and physically. Be well-rounded. Develop appropriate language, pre-reading, pre-math and simple science skills Stimulate curiosity in learning through discovery, exploration and play Encourage creativity, problem solving and decision-making skills Have a good, relaxing, loving, happy time in a growing and helping environment.
Goals for Parents
Learn patient discipline in loving and gently ways. Understand the development of our preschoolers. Realize the capabilities and limitations of 2, 3, 4, and 5 year olds. Become aware of our own potentials. Be accepting of all children just as they are. Develop new friendships and accept responsibility. Become a better parent.
Edgewood Preschool Cooperative does not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identity, disability, national origin, ancestry, age, or United States military service veteran status. Copyright Edgewood Preschool Cooperative 4700 Shelbyville Road, Indianapolis, IN 46237 317.721.9414 [email protected]
View complete answerWhat age is best to plan a baby?
What’s the childbearing age? Technically, women can get pregnant and bear children from puberty when they start getting their menstrual period to menopause when they stop getting it. The average woman’s reproductive years are between ages 12 and 51, Your fertility naturally declines as you get older, which could make it harder for you to conceive.
And starting a family later in life could pose greater risks for pregnancy complications. Experts say the best time to get pregnant is between your late 20s and early 30s. This age range is associated with the best outcomes for both you and your baby. One study pinpointed the ideal age to give birth to a first child as 30.5.
Your age is just one factor that should go into your decision to get pregnant. You also need to consider your emotional and financial readiness to start a family. That timing is unique for each woman.
View complete answerWhich is the best child education plan in India?
Best Child Plans In India
Insurance Company Plan Name Maximum Sum Assured SBI Life Insurance Smart Champ Insurance Rs.1,00,00,000 ICICI Prudential Smart Kid Solution 10 times of Single Premium Max Life Insurance Future Genius Education Plan No limit Which method works best with early childhood education?
Montessori-plus Preschool Teaching Method at GIIS – The Global Montessori Plus () programme at GIIS caters to the needs of our early learners. Our experienced educators have customised the Maria Montessori method into a programme that provides additional value through an age-appropriate curriculum filled with opportunities to play and learn.
The programme is broken down into three age groups and caters to students aged 2.5 years upwards. Our Montessori-trained teachers support learning through the child’s formative years. The curriculum focuses on practical life, sensorial, language, maths and cultural studies, and multiple activities are used to motivate children throughout the entire programme.
It is based on our customised pedagogy of five pillars (as given below) and the innovative educational framework that anchors the curriculum at every level. The preschool pedagogy consists of: 1. Excelerate Programme — Here the focus is laid on foundational skills, whether it is language, cognitive or numeracy skills.2.
Multifaceted Learning Experiences — This aspect of the curriculum focuses on providing students with learning experiences to help their overall development.3. iCare — This is a learning component that helps students become sensitive to real-world issues like global warming, waste management and more.4.
iPlay — An active part of the learning experiences, iPlay encourages social skills development while simultaneously helping students become more confident.5. Future-Ready — The Future-Ready learning part of the pedagogy focuses on STEAM activities, hands-on experiments and technology-based assignments.
The Montessori Plus teaching method is a proven approach to early childhood education. It enables young learners to blossom as they understand more about themselves and the world around them. This foundation allows students to transition to formal schooling seamlessly and sets them up for long-term success.
Schedule a with us today for more information about the Early Childhood programme at GIIS. : Top Preschool Teaching Methods for Quality Early Childhood Education – GIIS Singapore
View complete answerWhat is the best way to save for child education?
Open a 529 Plan – You’re probably familiar with 529 plans, one of the best and most popular ways to have a college fund for kids. The savings plans, usually sponsored by state governments, encourage saving for future education costs. They often are tax-friendly in the sense that many states will let you deduct your contributions from your state income tax, and when you withdraw the money for college, the money won’t be taxed.
You can put money into your own state’s 529 or any other state’s plan. Like snowflakes, all state plans are not alike. So if you live in Idaho but like Indiana’s plan better, go for it. But open up an account sooner rather than later. “It’s never too late to start saving for education, but we do encourage parents to start saving when their children are young.
The more time the account has to grow, the more money kids will have available when they need it for education,” says Laura Morgan, vice president of communications, savings and legal affairs at College Foundation Inc., the nonprofit umbrella organization which oversees North Carolina’s NC 529 Plan.
- It often doesn’t require much money to get started.
- In NC 529’s case, Morgan says you can open an account for $25.
- The important thing, of course, is to keep contributing money to your child’s 529 every year and preferably every month.
- Otherwise, the interest on that $25 isn’t going to amount to all that much over the next 18 years.
In fact, a common mistake that parents make is setting up the 529 and then forgetting to fund it, according to Steve Azoury, owner of Azoury Financial, a financial planning firm in Troy, Michigan. “It is best to schedule a systematic deposit each month into the plan, so it doesn’t get away from you.
- You should also notify your family members about the plan, so when it comes to birthdays and Christmas gifts, they can consider making deposits into it,” Azoury says.
- Andrew Wood, a retirement planning advisor with Daniel A.
- White Associates in Middletown, Delaware, agrees that too many parents tend to procrastinate on opening up a 529 plan.
“With education costs continuing to climb, the time value investing is vital,” Wood says. “The most valuable dollar invested is the first dollar invested, with time and compounded interest. Don’t wait until it’s too late.” But Wood points out that “time is also important on the back end.” When your kids are reaching college age, you want to pay attention to your 529 and make sure it’s set up properly, he explains.
In other words, you don’t want to be close to the finish line, where it’s time to use the money to pay for college, and then lose a lot of money due to a bad day in the stock market. “Make sure you are revisiting risk tolerance within the plan the closer you get to using the funds for education expenses.
If you’ll need the funds soon, you’ll likely want to consider scaling back on the risk,” Wood says.
View complete answerWhat is an educational plan for a child?
Individual education plans (IEPs) are used by many schools as a planning, teaching and reviewing tool for children and young people with special educational needs (SEN). Here, we explain what IEPs are and how you and your child can be involved with them.
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Contents
Which is the best plan for child education?
Best Child Plans in India –
| Plans | Entry Age | Maximum Maturity Age | Minimum Annual Premium | Minimum Sum assured |
| AEGON Life Rising Star Insurance Plan | 18-48 years | 65 years | Rs 20,000/- | 10 times of the regular Annualized premium |
| Aviva Young Scholar Secure | 21-50 years | 71 years | Rs 50,000/- | 10 times the annual premium |
| Bajaj Allianz Young Assure | 18-50 years | 60 years | N/A | 10 times the Annualized premium |
| Bharti AXA Life Child Advantage Plan | 18-55 years | 76 years | Depends on Minimum Sum Assured | Rs 25,000/- |
| Birla Sun Life Insurance Vision Star Plus | 18-55years | 75 years | N/A | Rs 1 Lakh |
| Edelweiss Tokio Life EduSave | 18-45 years | 60 years | Rs 6,968/- | Rs 2.25 Lakh |
| Exide Life New Creating Life Insurance Plus | 18-45 years | 60 years | 5 Years PPT: 50,000 p.a; 8 Years PPT: 30,000 p.a; 10 Years: 25,000 pa | : 5 PPT: 2,05,020 (Monthly) and 1,85,280 (Annual) ; 8 PPT: 1,78,780 (Monthly) and 1,62,380 (Annual) ; 10 PPT: 1,79,590 (Monthly) and 1,63,120 (Annual) |
| Future Generali Assured Education Plan | 21-50 years | 67 years | Rs 20,000/- | N/A |
| HDFC SL YoungStar Super Premium | 18-65 years | 75 years | Rs 15,000/- | 10 times the annualized premium |
| ICICI Pru SmartKid Solution | 20-54 years | 64 years | Rs 48,000/- | Rs 45,000/- |
| IndiaFirst Happy India Plan | 18-50 years | 60 years | Rs 12,000/- | Higher of 10 or 7 times the annual premium or 0.5/0.25*term*annual premium |
| Kotak HeadStart Child Assure | 18-60 years | 70 years | Regular pay – Rs 20, 0005 Pay – Rs.50, 00010 Pay – Rs.20, 000 | Higher of 10 or 7 times the annual premium or 0.5/0.25*term*annual premium |
| Max Life Shiksha Plus Super | 21-50 years | 65 years | Rs 25000/- | Rs 2.5 Lakh |
| PNB MetLife College Plan | 20-45 years | 69 years | Rs 18,000/- | Rs 2,12,040 |
| Pramerica Life Future Idols Gold Plan | 18-50 years | 65 years | Rs 10, 800/- | Rs 1.5 Lakh |
| Reliance Life Child Plan | 20-60 years | 70 years | Rs 25,000/- | Equal to Policy |
| Sahara Ankur Child Plan | 0-13 years | 40 years | Single-Premium- Rs.30,000/- | 5 times of Single Premium Paid |
| SBI Life- Smart Champ Insurance | 21-50 years | 70 years | Rs 6,000/- | Rs 1 Lakh |
| SBI Life- Smart Scholar | 18-57 years | 65 Years | Rs 24,000/- | 20/7 times the annual premium (regular pay) 1.25 times single premium (single pay) |
| Shriram Life New Shri Vidya | 18-50 years | 70 years | N/A | Rs 1 Lakh |
| Smart Future Income Plan | 18-55 years | 80 years | N/A | 100 times the chosen monthly income |
| SUD Life Aashirvad | 18-50 years | 70 years | N/A | Rs 4 lakh |
| TATA AIA Life Insurance Super Achiever | 25-50 years | 70 years | Rs 24,000/- | 10 times of the yearly premium |
| Wealthsurance Future Star Insurance Plan | 18-54 years | 64 years | Rs 25,000/- | Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium |
See More Plans Disclaimer: Policybazaar does not rate, endorse or recommend any specific insurance provider or insurance product offered by any insurer.
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Which plan is best for child marriage?
Best Child Plans For Education & Marriage in India – Some of the best child plans are given below:
| Name of the plan | Plan type | Sum assured |
| Aviva Young Scholar Secure Plan | Traditional child plan | 10 times the annual premium |
| Aditya Birla Sun Life Insurance Vision Star Plan | Traditional child plan | Minimum-1lakh |
| Maximum- no limit | ||
| Bajaj Allianz Young Assure | Traditional Endowment plan | 10 times the premium paid (annually) |
| LIC New Children’s Money Back Plan | Money-back plan | Minimum-1lakh Maximum – no limit |
| HDFC Life Young Star Udaan | Money-back plan/Traditional endowment | Maximum- no limit |
| ICICI Prudential Smart Kid Solution | ULIP | 10 times of single premium. |
| Max Life Shiksha Plus Super | ULIP | Rs.2.5 lakhs |
| Reliance Nippon Life Child Plan | Money-back plan | Equal to policy |
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer. *All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C Apply “Tax benefit is subject to changes in tax laws. Standard T&C apply.”
