Written by : Knowledge Center Team
2025-11-10
1092 Views
6 minutes read
Share
The one thing on which the majority of Indian parents spend the most is their child’s education. Many parents also make financial sacrifices so that they can cover their kids' education costs. But the rate at which the education costs in India are rising is very alarming. If you want to ensure that your child receives the best education possible, be prepared to spend a significant amount of money or secure their future with a child insurance plan.
How to Build Adequate Corpus for your Child’s Education?
Building a good corpus for your child’s education is important, and not only that, you need to safeguard the goal as well. Here’s a list of steps you can follow to tackle the rising cost of education in India or abroad:
Check your Finances
Before making any plans, it is advisable that you first assess your current financial situation. To have a fair idea of where you want to go, you must have an idea of where you are right now.
Take a look at your current income and expenses, and the amount you have saved, if any.
You can prepare a budget. It involves listing all your income and expenses at once. It will help you assess where you can make more financial cuts and whether you can save more. It will also help you be disciplined.
Start Planning Early
The earlier you start planning to accumulate funds for your child’s education, the better it will be for both you and your child.
You should start by taking into account the most popular careers and their costs. This would give you an idea of how much funding you have to create.
Make use of the online calculators to get an estimate and make your investments.
In general, you should start saving and investing for your child the moment they are born. It will benefit you even more if you start planning before your child is born. The more time you have in planning, the greater the chances that your fund’s value will be high.
Purchase a Child Insurance Plan
After assessing your current situation and beginning your planning, you should be considering how to grow the necessary fund to cover the cost of education.To help with this, you should purchase a child insurance or child education plan.
A child education plan gives you an opportunity to invest in the market and earn good returns. Not only this, but a child plan also comes with insurance. It covers your life so that your child can still pursue his dream even after you're no longer present with him.
The best child education plans offer a unique benefit that safeguards your child’s future even in the case of your untimely demise. The premium protection option in the child insurance plan ensures that:
- The investment plan continues as if you are alive.
- The insurer pays any remaining premiums on the policy.
- The family receives the life cover sum assured right after your demise.
- The child will receive the maturity value as originally intended.
Avoid Withdrawals
Your funds grow best when they are left untouched. Investing regularly in your child's education plan and keeping it separate gives your fund the best chance to grow by taking advantage of the power of compounding.
To meet any emergency that you may encounter in the future, it is advised that you maintain an emergency fund. Put a part of your salary into this fund and keep it with yourself or invest in funds that are liquid.
Keep Checking with your Plan
Purchasing the best child education plan is just the start of the road to securing a good education for your child. Many people make the mistake of buying a child education plan and then forgetting about it. You should avoid making this mistake. Constant review of the plan is a must. Checking with the plan at regular intervals can help you get to know the following.
- Is your plan performing as per your expectations?
- How are the funds that you have invested in performing?
- Should you change your fund strategy?
So, if you check with your plan regularly, you can minimize your risks and can give the appropriate responses to market situations.
Also Read - best savings plan
Secure Your Child’s Education and Future Milestones
Enter OTP
An OTP has been sent to your mobile number
Didn’t receive OTP?
Application Status
Name
Date of Birth
Plan Name
Status
Unclaimed Amount of the Policyholder
Name of the policy holder
Policy No.
Address of the Policyholder as per records
Unclaimed Amount
Sorry! No records Found
Request Registered
Thank You for submitting the response, will get back with you.
Complaint Registered
. Please use this ID for all future communications regarding this concern.Request Registered
Thank You for submitting the response, will get back with you.
Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.
Sorry
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Recent Blogs
Can a Child Insurance Plan Ensure Your Child’s Future Financially?
29 July '26
1110 Views
7 minute read
Child insurance plans are best investment plan for your child’s future. Learn how child insurance plans work to secure a child’s future through savings, life cover, education funding, and protection in case of parental contingencies.
Read More
Child Plan
5 Key Features of Top Child Plans in India 2026
28 July '26
8900 Views
7 minute read
Discover 5 must-have features in a child plan. Guaranteed education fund, flexibility, safety cover, growth options and tax benefits for smart planning.
Read More
Child Plan
Planning Your First Child: Financial Steps to Prepare in 2026
28 July '26
911 Views
8 minute read
Learn how to plan for your first child by preparing finances, managing expenses, choosing insurance and building savings for a secure future.
Read More
Child Plan
Why Child Education Plans Are Important for Long-Term Planning?
28 July '26
1023 Views
7 minute read
Reasons child education plans are considered important, covering rising education costs, financial preparedness, and structured long-term planning.
Read More
Child Plan
Sukanya Samriddhi Yojana 2026: Interest Rate, Calculator & Benefits
28 July '26
6890 Views
15 minute read
Check latest SSY interest rates, eligibility, tax benefits, maturity amount & Sukanya Samriddhi calculator for 2026.
Read More
Child Plan
How to Plan an Education Fund for Your Child?
28 July '26
1179 Views
10 minute read
Practical guidance on planning an education fund for your child, including savings methods, investment options, and future education cost planning.
Read More
Child Plan
Using Whole Life Insurance to Secure Your Child’s Future
28 July '26
2216 Views
12 minute read
Learn how whole life insurance helps secure your child’s future by offering lifelong coverage, financial stability and long-term support for education and goals.
Read More
Child Plan
Benefits of Investing in a Child Insurance Plan in 2026
28 July '26
3567 Views
7 minute read
Discover why a child insurance plan is essential. Learn how it offers investment growth, premium waivers, tax benefits, and financial protection for you.
Read More
Child Plan
4 Reasons You Should You Buy a Savings Plan for Your Child?
28 July '26
1114 Views
8 minute read
Explore 4 compelling reasons to invest in a child savings plan. Long-term financial security, education funding, tax benefits, and peace of mind for your child’s future.
Read More
Child Plan
Child Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Fixed Returns, Zero Risks & Worries
iSelect Guaranteed Future Plus
- 4 Plan options
- Life cover + Guaranteed benefits
- Accidental death benefit
- Premium protection cover
Don't Just Survive, Thrive
Guaranteed Assured INcome
- 3 Plan options
- Life cover + Guaranteed income
- Get Total Premiums at maturity
- Early income from 2nd policy year
Save, Dream, Plan. Live Peacefully
iSelect Guaranteed Future
- 5 Plan options
- Option to choose PPT
- Get Tax benefits
- Premium protection cover
Popular Searches
- Child Education
- Child Insurance Plan
- Children Money Back Policy
- Insurance Policy For Newborn
- Child Protection Rider
- How Child Insurance Works?
- Sukanya Samriddhi Yojana
- Child Insurance Calculator
- Buy Best Child insurance Plan
- Best Investment Plan for Girl Child
- Child Education Insurance Plan
- Best Fixed Deposit for Child
- Types of Child Insurance
- Child Education Insurance