Published on 30/10/2020 4:30:59 PM | Source: PNB Metlife

How to secure your child`s future expenses in your budget

As parents or parents-to-be, we often find ourselves contemplating over the security of our child’s future. Today, a number of child plans are available to ensure the future of your child is protected and she grows up availing basic necessities of life. Squeezing a child protection policy in our budget can be a task, but with the right insurance policy to suit your budget, one can easily chalk out a child plan in the long run.


Here are ways to buy child insurance in your budget:

  1. Approach an insurance expert:
    This may be an underrated step, but it is quite crucial to approach an insurance expert initially to get a clear perspective of the type of child protection policy that fits your budget. A financial expert can play an important part in the decision making process and also help assess your budget to fit in a child insurance policy.
  2. Calculations:
    The insurance expert can calculate the amount of the cover that compliments your existing life cover and budgets. He will assess your sources of income, expenses, and debts, number of dependants / children and liabilities based on your lifestyle. Thus, advisors will help you arrive at a child protection policy that suits your budget and lifestyle the best. Trust your advisor with the insurance math and then invest in a child education plan or a normal life cover.
  3. Evaluate plans:
    Before buying out a particular plan to safeguard your child’s future, it is important to evaluate and compare the insurance plans provided by different insurance companies. While your insurance advisor might advise the best, it is you who has to pick up the best policy for your child within your budget.


The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.


PNB MetLife India Insurance Company Limited 
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka 
IRDAI Registration number 117 | CIN U66010KA2001PLC028883 
PNB MetLife Mera Term Plan is an Individual Non-Linked, Non-Participating, Pure risk premium Life Insurance Plan | Product UIN Number – 117N092V03 
#Maximum maturity age: 99 years for all options (except Joint Life cover option), Joint Life Cover option: 75 years (applicable for both Primary & Secondary life). 
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale. 
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time. 
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks. 
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