02 August 2021
Cover to You. Life To Your Child
Parenting is defined as the most beautiful and rewarding as well as the most challenging job. It is a journey of growth that has its own highs and lows but in the end, brings contentment and accomplishment. But the journey is rugged for single parents. According to a 2019 report by the UN, there are around 4.5 crore single mothers in India.
The expense of raising a child in India, currently, is more than it has ever been, because of soaring healthcare, education, and food costs. According to studies, the average cost of raising a kid is around `40-50 lakh.
Life insurance becomes an even more crucial financial protection for a single parent. A life insurance death benefit can ensure that your children have enough money to maintain their financial security.
Debt & Financial Obligations
Do you owe someone anything? Every parent should consider how much debt and financial commitments...