Child Education & Marriage Plan Calculator

What is Child Plan Calculator Used For?

The moment you hold your child for the first time, you start building dreams around your little one. But as they grow up, their dreams keep changing. You always wish the best for them in everything, be it their lifestyle, higher education, and marriage.

However, keeping the current rate of inflation in mind, the cost of paying for your child's dreams will be much higher in the future than it is today. A child education plan calculator is designed to provide you with an estimate of the wealth you will need to fulfil your child's dream goals.

Make the most of our calculator and download free reports.

Life Plans that may interest you!

Little Champ Plan

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Product Name: IndiaFirst Life Little Champ Plan
Dropdown Field: Child Plan
Product Description: Empower your child's future with a plan that supports their education, milestones, and dreams, ensuring they have the resources to thrive.
Product Benefits: Guaranteed payouts
Flexible premium payment options
Premium waiver on policyholder's demise
Bonus accumulation for enhanced corpus
Tax benefits as per prevailing laws
Multiple payout options to match child's needs
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Benefits of Child Plan calculator

A child future plan calculator provides an accurate estimate or projection.

It is easy to estimate how much money you will need to meet a financial goal. Even with your child’s higher education or marriage costs, arriving at a ballpark figure is not a difficult task. But how accurate will that figure be? And what happens if you fall short of actually achieving your child’s goals because of inaccurate estimates and lack of planning?

A child plan calculator helps you meet your goals.

As long as you are gainfully employed, you will be able to save some money. However, merely your savings are unlikely to meet your growing financial responsibilities. The goal is to have your money work for you, and this can be done by investing your savings. This child investment plan calculator takes the guesswork out of investing for you. Use child investment plans to make the most out of your savings.

A child investment calculator helps in budgeting.

Before you start to put money aside towards financial goals, it is essential to know your income and expenses. A child education plan premium calculator is a powerful tool to help you understand how much money you need to put aside for your child’s future needs, how much you have, and what more can be done. With the help of this child investment plan calculator, you can budget right and plan your monthly expenses properly.

How to use Child Plan Calculator?

The goal of using a child plan calculator is to make planning for your child’s financial future simple and straightforward. Of course, you can always utilise the formula that takes into account the inflation rate, time horizon, current investments, and projected ROI and complete the calculation on paper. However, this leaves space for errors and creates unnecessary complications. A child plan calculator solves the issue for you and gives you data that you can rely on.

Here’s a step-by-step guide to using a child investment calculator:

Step 1

Get your rough estimates in place, head to the child plan calculator page on the IndiaFirst Life website and click start.

Step 2

Furnish the few details that the child plan calculator requires to perform the calculations. This includes details like your child’s name and how much you would like to save for your child’s future.

Step 3

Enter details pertaining to how much time you have to achieve this goal (your investment time horizon). This detail is essential to understand how your time horizon will affects your investments in the long run. The longer you stay invested, the better your assets will likely perform.

Step 4

The next step is to input the expected rate of inflation to calculate the corpus amount you will need to battle inflation. The predicted inflation rate could be anything between 3-10%.

Step 5

The last step is to choose an expected rate of return on your investments. Finally, click on the button to complete the calculation to display the amount of money you need to invest for accumulating the corpus within your given time horizon.

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Frequently Asked Questions

How do you calculate future education expenses?

Answer

Ensuring that your child gets the best education in life is the way to ensure your child’s dreams have the best possible chance of coming true. But, unfortunately, good quality education in India or abroad does not come cheap. Moreover, with rising inflation and the overall rise in the cost of education, your child’s education is only likely to become more expensive with time.

As a parent, you cannot let money come in your child’s way to achieve their dreams. The fortunate thing is that all it would take is a little planning for you to streamline the path towards your child’s dreams. Use the IndiaFirst Life child education plan premium calculator to understand your monthly savings goals and future education expenses.

How does the indiafirst life child education planning calculator calculate the future higher education costs?

Answer: The best way to calculate future education expenses is to use IndiaFirst Life’s child education plan calculator. Input salient details such as your child’s age at the moment, child’s age when the course is supposed to start, estimated cost of education today, rate of return and current investments, and the rate of inflation in the child education fund calculator. The IndiaFirst Life child future plan calculator will provide a breakdown of the future education expenses and how much you need to start saving towards your goals today.

Is indiafirst life child education plan calculator easy to use?

Answer

The IndiaFirst Life child education plan calculator is an intelligent tool that is incredibly easy to use. This child education fund calculator is available online and is free for use on the IndiaFirst Life’s website.

The objective behind providing this straightforward tool is to enable parents to strategize and plan for their children’s future. The IndiaFirst Life child education calculator calculates the future value of the accumulated wealth that you would require to meet your child’s higher education needs.