Child’s Future with HDFC Life International’s US Dollar Global Education Savings Plan
Introduction
As parents, we all want the best for our children, especially when it comes to their education. HDFC Life International understands this aspiration and has designed a unique solution: the US Dollar Global Education Savings Plan. Let’s explore how this plan can help you secure your child’s future.
Key Features and Benefits
Dollar-Based Savings: The plan allows you to save in US Dollars, ensuring that you’re prepared for your child’s international education expenses.
Flexible Withdrawals: Need liquidity? No worries! You can make flexible withdrawals as needed.
Zero Allocation Charges: Unlike traditional plans, there are no allocation charges, maximizing the value of your investment.
Continuity Assurance: Even in the unfortunate event of the policyholder’s demise, the plan continues for the benefit of the child.
Lumpsum Payout: In case of the policyholder’s demise, the child receives a lump sum payout.
Example
Meet Priya, an NRI parent. She started investing in the US Dollar Global Education Savings Plan when her daughter was just 5 years old. Over the years, Priya diligently contributed to the plan, adjusting her contributions as her daughter’s educational needs evolved. When it was time for her daughter to pursue higher studies in the US, Priya had accumulated a substantial corpus in US Dollars. This allowed her daughter to enroll in a prestigious university without any financial stress.
Be Indian, Buy Indian
As NRIs, OCIs, and PIOs, we carry our Indian identity with pride. By choosing HDFC Life International’s US Dollar Global Education Savings Plan, we not only secure our child’s future but also contribute to the growth of an Indian financial institution. It’s a win-win situation – supporting our children’s dreams while staying connected to our roots.
Stay tuned for more blogs that delve deeper into the plan’s specifics and share additional success stories. Remember, investing in your child’s education is an investment in their future. Be Indian, Buy Indian with HDFC Life International!
To get in touch with HDFC Life International and to learn more about their services, Click Here
Disclaimer: HDFC International Life & Re, IFSC Branch (HDFC Life International)
The views expressed in this blog are the express opinions, views, and perspectives of Benefits for Expats Inc., Canada. They do not in any manner represent or/and reflect the opinions, views, and perspectives of HDFC International Life and Re Company Limited, its affiliates, or any related entities. HDFC International Life and Re Company Limited does not endorse or take responsibility for the content, ideas, or point of view presented in this blog and accepts no liability (whether in tort or contract or otherwise) whatsoever to any natural person/legal person for any damage or loss of any nature arising from or as a result of reliance on any of the contents of this blog. Readers are encouraged to seek independent advice and make their own judgments on any matters discussed in this blog.
Benefits4Expats.com and Benefits for Expats Inc., Canada are involved as digital marketing partners for HDFC International Life & Re, IFSC Branch (HDFC Life International) GIFT City. The material is meant solely for education and awareness purposes and not meant for solicitation in any manner. The information provided herein is not intended for distribution to, dissemination to, or use by, any natural person or legal entity in any jurisdiction or country where such distribution or use would be contrary to the applicable regulations and laws.
Disclaimer: Benefits for Expats Inc.
The information provided in this blog is intended for general informational purposes only. Benefits for Expats Inc. is committed to delivering accurate and up-to-date content, but we do not guarantee the completeness or accuracy of the information.