As a parent, you want the best for your child. You want them to have a bright future and a fulfilling career. You want them to pursue their dreams and passions. And you want them to get the best education possible.
But education is not cheap, especially if you are looking at international universities. According to our research, the average cost of studying abroad for an undergraduate degree is $99,417, and that does not include living expenses, travel costs, and other fees.
If you are an NRI or an Indian expat, you may also face the challenge of currency fluctuations and exchange rates. The value of the rupee against the US dollar or other foreign currencies can change significantly over time, affecting your savings and investments.
So how can you plan your child's academic journey without breaking the bank or compromising on quality? How can you ensure that you have enough funds to cover their education expenses, no matter where they choose to study?
The answer is HDFC Life International's US Dollar Global Education Plan.
HDFC Life International's US Dollar Global Education Plan is a unique and innovative insurance and investment plan that helps you build a US dollar-denominated corpus for your child's overseas education.
This plan offers you the following benefits:
- US dollar-denominated investment options that protect you from currency fluctuations and exchange rate risks
- Flexible and affordable premium payment options that suit your income and budget
- A variety of investment strategies that match your risk appetite and return expectations
- Flexible withdrawals that allow you to access your funds when you need them
- Zero allocation charges that ensure that your entire premium is invested
- Life cover that provides financial security to your family in case of your unfortunate demise
HDFC Life International's US Dollar Global Education Plan is easy to understand and simple to use. Here is how it works:
- You choose the plan term, premium payment term, premium amount, and investment strategy that suit your needs and goals
- You pay the premium in US dollars
- Your premium is invested in US dollar-denominated funds that offer attractive returns and diversification
- You can monitor your fund performance and switch between funds as per your convenience
- You can make partial withdrawals from your fund value to meet your child's education expenses or any other needs
- You can also avail of a loan against your policy, subject to terms and conditions
- In case of your unfortunate demise during the policy term, your nominee will receive the higher of the sum assured or the fund value as a death benefit.
Why should you choose HDFC Life International's US Dollar Global Education Plan?
HDFC Life International's US Dollar Global Education Plan is not just another insurance or investment plan. It is a comprehensive and customized education plan that caters to the specific needs and aspirations of NRIs and Indian expats.
Here are some reasons why you should choose this plan:
- It helps you plan your child's academic journey with confidence and peace of mind
- It enables you to provide your child with world-class education, no matter where they choose to study
- It eliminates the risk of currency fluctuations and exchange rate volatility, which can erode your savings and investments
- It offers you flexibility and convenience in terms of premium payment, fund selection, fund switching, withdrawals, and loans
- It provides you with life cover that ensures financial security for your family in case of your unfortunate demise
- It is backed by HDFC Life International, a subsidiary of HDFC Life, one of India's leading life insurance companies
How can you buy HDFC Life International's US Dollar Global Education Plan?
HDFC Life International's US Dollar Global Education Plan is available online, which means you can buy it from anywhere in the world, at any time of the day.
All you need to do is:
- Visit the HDFC Life International website, and
- Fill in your details, and a qualified representative will reach out to you shortly.
That's it! You are now ready to plan your child's academic journey with HDFC Life International's US Dollar Global Education Plan.
Don't wait any longer. Start your journey today and secure your child's future tomorrow.
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.
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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.
Plan Your Child's Academic Journey with HDFC Life International's US Dollar Global Education Plan
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