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There are plans which may loot your money in the name of your child

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We care about our kids and try to protect their life in several ways. But few companies are misusing our care and thieving the money. Proper financial planning is the only remedy for this problem. Securing your family by taking term insurance with the coverage of 20 times your annual income, which anyways includes less premium, wherein, other child insurance charges more. To secure your child's future start investing in Large-cap Mutual funds SIPs, in case a girl child invests in Sukanya Samruddi Yojana.  However, there are other tax-saving investments namely VPF and PPF. But, never prefer a traditional endowment plan just for a 4-5% rate of returns. Never get into the money or investment fraud.  In this video, C. S. Sudheer has given detailed information on how can you plan better for your kid's life.

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