Written by : Knowledge Centre Team
2025-08-05
2891 Views
8 minutes read
Share
Why Planning Early Matters for Your Child’s Future?
If only you could sign up for a course on parenting! If only you could take an exam that could certify you as a qualified individual who can take on the biggest responsibility in the world! If only! While there's not much we can do about that, financial planning is something we can definitely guide you with. If you are worried about ensuring your child's financial security, here are some valuable tips that will help you get started in time:
- Set up a baby fund- Set up a savings account dedicated for your baby and start saving a certain amount from the day you find out about the baby's arrival. Later, any cash gifts you receive from friends and family can also be added to this fund. From healthcare and clothing to everyday essentials, this fund can be used to provide for all your baby's needs. This fund can grow along with your child and later be a financial support for their dreams.
- Draft a monthly budget- Needless to say, your expenses will rise once you welcome the new addition to your family. Do plan ahead and create a realistic budget that involves an estimate of the additional expenses. If you feel sticking to it is going to be difficult, try and make adjustments until you finally come up with one that suits you best.
- Get yourself insured- Don't find life insurance beneficial? Or didn't find the time? Now that there is another life is going to depend on you, it's all the more essential that you get yourself insured. Purchasing an adequate life cover will ensure that your child's financial future is safeguarded even when you're not around. Your life cover life insurance cover should be enough to defray your debts as well as meet your children's expenses until they are financially independent.
Invest in their Future
"Isn't it too early to think about investing?"
Starting early gives you ample time to grow your wealth and helps you achieve your financial goals sooner. It also gives you an edge, as investing a small amount over a large period can give you much better returns than investing a large amount over a small period. (Can mention a bit about power of compounding too) Moreover, by creating an investment plan well in advance, you can beat the effects of inflation.
If you're looking to buy a comprehensive plan that secures your child's future, Promise4Growth Plus is what you need. An online customisable plan that not only provides the dual benefits of insurance and investment but also a life cover with premium funding benefit so your child's dreams are always backed by our financial support.
The premium funding benefit includes:
- Lump sum assured benefit is paid on death (sum assured subject to 105% of premium paid)
Remaining future premiums in the policy is funded by the company as and when due - Additionally fund value is paid on maturity
What truly makes Promise4Growth Plus a ULIP is the fact that it comes with a suite of seven different funds to choose from, and four fund management options to manage your money. What's more, there are absolutely zero hidden charges. Boasting these incomparable features, Invest 4G is the one-stop solution you need to ensure a financially stable future for your child. With it you can rest assured that your child can look forward to a golden future.
"We all have certain aspirations for our family's security. But, most of us keep it to ourselves when it comes to securing the future of our loved ones. So, instead of skipping such conversations, it's time to share a promise with your loved one, a promise that will make your family secure and stress-free. Click here to know the worth of your promise now !
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
Sukanya Samriddhi Yojana (SSY): Rate, Tax & How to Apply in 2026
01 Jan '26
6860 Views
15 minute read
Explore Sukanya Samriddhi Yojana 2026: interest rate, tax benefits under 80C, eligibility, deposit rules & how to open an SSY account step-by-step.
Read More
Child Plan
Planning Your First Child: Financial Steps to Prepare in 2026
30 Dec '25
904 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
Using Whole Life Insurance to Secure Your Child’s Future
27 Dec '25
2195 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
5 Tips to Buy the Best Child Insurance Plan
21 Dec '25
1091 Views
7 minute read
Learn 5 practical tips to choose the right child insurance plan, covering goal planning, coverage needs, premium tenure, rider benefits, and long-term affordability.
Read More
Child Plan
How to Buy the Best Child Insurance Plans for Children Studying Abroad?
21 Dec '25
1192 Views
7 minute read
Learn how to choose the best child insurance plan for children studying today and secure their education and future financial needs.
Read More
Child Plan
5 Key Features of Top Child Plans in India 2026
12 Dec '25
8890 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
Benefits of Investing in a Child Insurance Plan in 2026
06 Dec '25
3562 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
What Child Insurance Plans Does Canara HSBC Life Insurance Offer?
02 Dec '25
2317 Views
7 minute read
Explore the child insurance plans offered by Canara HSBC Life Insurance, their key features, benefits and how they help secure your child’s future.
Read More
Child Plan
How to Build an Education Fund for Your Child?
02 Dec '25
1062 Views
10 minute read
Learn how to build an education fund for your child by planning early, estimating future costs and choosing the right saving and investment options.
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