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12.4%First documentWhy Do New Parents Need a Financial Plan Early in India?Open original ↗
Second documentHow to Open a Joint Investment Account with Your Teenager?Open original ↗
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Conclusion
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.
FAQs
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.
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Financial Planning - 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.
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.
Five years and above:
Unit Linked Insurance Plans with a small portion in equity funds. Equity-linked savings schemes, together with debt mutual funds. Public Provident Fund (PPF). Guaranteed Savings and Income Plan.
Steps to Set up a Joint Investment Account with Your Teen
Choose the Right Investment - To be on the safer side and teach your kids financial discipline, it is advised to start with a simple child plan. Some of them include: Recurring Deposits (RDs): A fixed monthly deposit scheme that helps build disciplined saving habits with guaranteed returns. Public Provident Funds (PPF): A long-term government savings plan offering tax benefits and secure compounding interest. Systematic Investment Plans (SIPs): A method to invest in mutual funds through regular, small amounts to build wealth over time. Equity: Buying shares of companies to potentially earn profits based on how the market and the company perform over time.
Build a Financial Plan that Protects and Grows Your Wealth
Make Tax-Efficient Investments: After inflation, taxes are the only thing that can affect the growth of your investments. That’s why financial planners would recommend using tax-saving investments to save for your long-term goals. Some of the best tax-saving investments for your child’s future would be: Child Education ULIP. ELSS mutual funds. Public Provident Fund (PPF). Sukanya Sammridhi Yojana
Steps to Set up a Joint Investment Account with Your Teen
Choose the Right Investment - To be on the safer side and teach your kids financial discipline, it is advised to start with a simple child plan. Some of them include: Recurring Deposits (RDs): A fixed monthly deposit scheme that helps build disciplined saving habits with guaranteed returns. Public Provident Funds (PPF): A long-term government savings plan offering tax benefits and secure compounding interest. Systematic Investment Plans (SIPs): A method to invest in mutual funds through regular, small amounts to build wealth over time. Equity: Buying shares of companies to potentially earn profits based on how the market and the company perform over time.