Nothing brings more joy to a family than birth of a child.
In fact, the excitement and expectations start building up as soon as the pregnancy is confirmed. As expected, adequate precautions are taken about the diet and health of the mother-to-be. However, very rarely do we see parents focusing on financial implications of this very important event at an early stage. It is estimated that parents spend around Rs 70 lakh on child from conception to college education. Needless to say, inflation will add to the cost, going forward. The cost can be even more if the child either goes for education abroad or decides to go for a professional course.
Hence, parents would do well to start planning much before the child is born so as to ensure that they neither face any financial stress nor compromise on any aspect of this very important goal of their lives. Here’s what they need to do.
Maternity Insurance
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