Skip to main content

Girl child saving schemes and investment options

Girls children have been subjected to and suffering from patriarchy since as long as we can remember and further back. Now, it is the time to give them what they have been deprived of so that their male counterparts could flourish.

There are a lot of insurance companies that offer various girl child saving schemes and investment options so that can grow to make something of their lives with equal and fair opportunities. A lot of options are available like child plans so that you can accumulate a corpus amount and give your girl a secure.

Child Plan

One of the best ways to invest for your girl child is to get them into a child plan. A child plan will not only protect them in case of the unfortunate death of their parent or guardian but will also provide them with a benefit on the maturity of the policy so that they can pursue whatever career or path that their heart desires. A child plan will help you accumulate huge sums of money to their future in terms education and career so that they do not have to be subjected to the societal evil of ‘you need to marry so that you can be taken care of. When the girl grows up to be a woman and can make her own decision, she can decide what she wants to do with the money, invest it in higher education or invest it to build her own business or whatever that she wants to do to be able to make her own living and not depend on anyone. Getting a child plan will prove extremely useful in the future when your child decides to get started with their higher education or their career and stand on their own feet.

Sukanya Samriddhi Scheme

The Sukanya Samriddhi Scheme is one of the investments options which is specifically design for the girl - child. This scheme was started so that girl children could benefit from it. It works in such a way that it is applicable for girls below the age of 10 years to invest in (if the girl child turns 11 years by the 1st of December, 2015, investing in this plan is still an option).

This is an investment option that is based on debt. The interest rate announced by this scheme is 9.1 % for the investment of INR 1.5 lakhs from the time the girl turns 10 years old. Now, according to these numbers, by the time the girl child becomes 21 years old, the corpus accumulated will be a whopping INR 29 lakhs which can easily be turned in for a good higher education of the woman in the country.

Get the Sukanya Samriddhi Scheme help your daughter have the future with a wide scope of many possibilities. With this investment option, you can make sure that you save a lump sum amount for the future of your child as such plans are not made to cover the immediate requirements and needs of a child but to provide them with financially safe and secure future with lots of equal opportunities.

PPF - Public Provident Fund

Another great investment option is the investing in the public provident fund (PPF). A PPF is a long investment scheme in which you invest for a period of 15 years and get a corpus amount at the end of the tenure. You build this corpus for the education of your child. The interest rate of the PPF is a good 7.9 % which is a lot higher than the interest rate of banks which is it 7 %. The interest is also tax free which gives a higher return. In this policy you also get tax redemption of up to INR 1.5 lakhs under the Section 80 C, Income Tax Act. This is a great way to build a good corpus for any child for their future. Get the PPF plan going for the secure future of your girl child as they offer tax redemptions as well.


There are so many options for investing for your girl child if you look around. Many of these investment options have a really good and high return on investment as these are specifically designed for children and some of these, especially for the girl child so that they can have their stand in the society that has been continuously putting them down so that their male counterparts can take the higher ground. But, we wont let that happen! Many provisions are being made for the upliftment of women by helping them with saving schemes like girl child plans, provident funds and female specific schemes like Sukanya Samriddhi.

Start investing today for a better tomorrow, day after and the times ahead!


Popular posts from this blog

Postal Life Insurance and Life Insurance Corporation of India: What’s the Difference?

When we talk about insurance policies by government, Life Insurance Corporation (LIC) is the first organization that comes to our mind. But not only LIC, Department of posts too offer life insurance under name of Postal Life Insurance (PLI). PLI was launched on February 1, 1884 and is the oldest insurance service provider. Only people working in government organization or associated with it can be a part of the scheme. On the other hand LIC policies are available to every Indian citizen, thus making it more popular among Indian population.
What is Postal Life Insurance?Postal Life insurance is an insurance policy that is applicable for all the government employees, be it an employee of military force, financial institution, Deemed University etc. Any person from private sector cannot choose this policy. The entry age is 19-55 years for all plans except the child plan. Maximum entry age under children policy is 45 years; and the child should be between 5-20 years. The sum assured should…

5 Best Investment Options for Retirees

Retirement is the age when your earing period comes to end, either willingly or by force. Not everyone opts to end their earning period, some prefer to work even after their retirement age or some resign their job even before. It is up to a person, as to what sort of retirement they want, but sure everyone looks for a safe and secure retirement without worrying about expenses and bills.
As a retiree, everyone wants to keep their retirement fund away from any tax liability and get a regular income. But to build a retirement portfolio with a blend of fixed income and market linked investment is a big task for retirees. It is always better to plan your retirement in advance and invest carefully in various plans to have a safe, secure and fixed monthly income.
Here are 5 best investment options for retirees, to have a better retired and no earning period in their life. These investment plans provide for regular monthly household expenses and build a retiree portfolio which is a perfect mix…

Promise a Secure Future to Your Child

Your child is the backbone of any civilization as they carry forward the name, tradition and history of human race forward. Every parent’s priority is to provide the best education to their child. This can be a challenge for many parents as the rate of inflation in education sector is growing with every passing day. Providing best education to your child has become a nightmare for most of the parents.
A child insurance policy is the solution that can promise a secure future to your child. These policies offer benefits towards your child’s education. These plans not only ensure that your child gets financial help to pursue higher education, but also provide benefits at various stages of their life like marriage, admissions etc. Insurance is like investment which offers more coverage and benefits than any other financial product.
Few Child Investment Plans1.SBI Life- Smart Scholar·It is a non-participating Unit Linked Insurance Plan (ULIP). If you are not around, this scheme offers dual p…