Child Marriage Plan
Child Marriage Plan
Child Marriage Investment Plan is a goal-oriented financial strategy designed to build a corpus for your child’s wedding expenses, ensuring you do not have to disrupt other life goals like retirement. These plans often combine wealth growth with goal-protection features like premium waivers.
Key Benefits of Planning Early:
- Beating Inflation: Wedding costs in India can rise 3–4 fold every 10 years. Investing in equity-linked products like SIPs helps counter this rising expense.
- Power of Compounding: Starting early allows smaller monthly amounts to grow significantly. For example, a ₹6,000 monthly SIP at 12% returns can grow to ~₹45.9 lakh in 18 years.
- Financial Safety Net: Insurance-linked plans ensure that the marriage fund is secured even in the parent’s absence.
