Are you investing enough for your child's higher education?

Planning for your child's education can be complicated. Accounting for inflation, the changing lifestyle needs and interests of your child, arriving at an approximate value of how much money you will need, can be tricky. Mistakes can cost your child their future and result in lost opportunities... Read More

Smart Planning Tool

What Is a Child Education Planning Calculator & How Does It Work?

A child education plan calculator is an online tool that helps you calculate the amount of funds you would need when your child is ready for higher education. The tool uses the idea of future value to arrive at an indicative figure that you would require for your child's needs.
Compass and Calculator
The Child education plan calculator will show you the indicative amount you need to save to ensure your child’s aspirations are fulfilled. You can also decide the frequency at which you want to save as per your convenience.

Quick Guide

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Quick Guide
How To Use A Child Plan Calculator
Here are the steps to use a child education planner
Enter the following details
Parent's Date Of Birth
Parent's Gender
Child's Name
Child's Gender
Child's DOB
Enter education goals of your child
Get information on future cost
Get to know our recommendation


Your Questions Answered

Inflation typically raises the costs~ of everything in life. This is true for the cost of education for your children as well. This is where child education planning comes in. As a parent, you should factor in the rising cost~ of education and account for it when it comes to your child's growth. This can help in saving funds beforehand, so when the time comes you can have the funds handy without incurring any sudden financial burden. In effect, this works like a life insurance plan, which helps in investment as well as providing a safety net for your child’s future.

What factors to consider while planning for your child’s education?

There are a number of studies and articles that show that higher education costs have been rising~ consistently over the years. Consumer Price Index data across the years shows an increase in the cost of education right from pre-primary to graduate and post-graduate levels. This is only expected to go higher as time passes.
To give an understanding of how this can work out, do take a look at the below figures:
Engineering MBA Medical Compare Graph
Another point to note while considering the above costs is that these costs are usually indicative of just the cost of degree education in India. This is usually not inclusive of the cost of books, periodicals, coaching classes, education equipment etc. If the child has to move to another city, you need to account for the cost of lodging and boarding as well. Also, another important factor to consider is the cost of any extra-curricular activities your child might want to pursue.
If as a parent you are looking to send your child abroad for higher education, the above costs can be considerably higher as well, depending on the country and university that you wish to send your child for further studies.
Lets talk about benefits

What Are the Advantages of Using a Child Education Planning Calculator?

A child education calculator can offer you the following advantages:
*The calculations mentioned above take into consideration an assumed rate of 8%. This calculation is generated on the basis of the information provided and is for assistance only. And is not intended to be and must not alone be taken as the basis for an investment decision. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance.
Reference for CPI for education:
~Reference for rising cost of education:

`Reference for Average estimated cost of educational courses:

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