I always felt that if I were really good at something in my life, it would be motherhood. Not to blow my own trumpet, but it was this gut feeling I always had. This is not to say that I wasn’t ambitious, or that the only identity I craved was that of a mother. I was, and still, am a working woman, but I knew in my heart that I would excel at being a mother.
It wasn’t till the day I held my little angel in my arms that I realised the crushing weight of my responsibility as a mother. I was the person who was supposed to shape this tiny, little life and give her the means to achieve whatever she wanted. In between the flurry of diaper changes and the many feedings, one question kept flashing through my mind — am I prepared to give her the wings that she needs to fly? My answer, keeping the expected cost of raising a child in mind, was a succinct no.
My husband and I were both in our first jobs when we had our daughter, and thus, we needed something that can give us both – growth and value for our money. All the day-to-day expenses were taken care of, but we had nothing set aside for the future. This fact kept me up at nights, as I realised I didn’t want to be the person who had to ask her kid to settle for less, due to lack of funds. After a discussion with my husband in this regard, we decided to seek out a financial plan through which we could generate wealth for the growing financial needs of our child. After much research and midnight internet browsing sessions, we found the perfect fit for us in the form of ICICI Prudential’s ULIP plan – ICICI Pru Smart Life.
This smart financial plan offered us the twin benefits of investment and insurance, which made it all the more lucrative. The planprovides financial security to our child in the event of a mishap and also gives us the chance to grow our money. The plan adds money back to our investments in the form ofloyalty additions and wealth boosters.However, the best part of the plan is its smart benefit. In case of an unfortunate event, the companywill pay the future premiums on our behalf so that the planning for our child remains uninterrupted.
We signed up for the plan since we thought of this as a small investment for the bright future of Charu. We decided never to touch it since we were still trying to settle in our jobs and she was growing up. Soon, Charu was old enough to get admitted to the school. Time was flying by, and our daughter was growing up to be a smart, kind, and intelligent human being, and I couldn’t be prouder!
It hadn’t been long when Charu informed me that her class teacher had requested me to attend the next parent-teacher conference. Fearing the worst, I made it to her classroom full of anxiety and stress, only to hear the most wonderful words! The teacher informed me that Charu had taken some tests and it was found that she had an I.Q of 165! My little angel was a genius! She told me that Charu needed special classes and had to be enrolled in special clubs, but I wasn’t worried as I had the ICICI Pru Smart Life, precisely for a situation like this. The plan gives me the flexibility to withdraw a part of my money as per my needs. This ensures that I have easy access to my money while at the same time, the rest of my money keeps growing.
Today, Charu is in 5th Standard, and she wants to be a scientist and go abroad for higher studies. However, I am relaxed as I have already prepared for it. The plan, with its unique benefits,will keep increasing my wealth substantially. I know that money will enable my child to take the flight of her dreams. Even though I might not be the best mother in the world, but I have succeeded in my aim of being one for my daughter.
I wanted to share my experience with other moms to let them know that they, too, can fulfil their kids’ dreams with proper financial planning, no matter how big your child’s dream is.