Shiksha
Transcend’s unique solution to secure your child’s future
- What is Shiksha?
It is a wholesome package to take care of the financial and knowledge requirement of your child. Along with ‘education funding plan’ we will also provide your child with experts’ guidance in choosing education streamand grooming them with necessary soft-skills when they will require it most. So through ‘Shiksha’ your child is getting both – financial as well as knowledge support. That is what we call a REAL Solution.
- What does the Shiksha offer?
Shiksha is meant to take care of the funding requirements coming under the following heads in the life and career span of your child:
- How Shiksha helps you to plan and achieve?
Shiksha could help us to do the following:
- An investigation of what you & the child desire and how much will all that really cost.
- An investigation to find out the funding gap we have, given what we have already done.
- To find out ways by which we can accommodate provisions already made within the overall funding requirements.
- Finally creating an education funding reservoir from which we can withdraw as and when required to meet all cash commitments.
- You never have to put your hand in your pocket again
Such a structured approach would not only help you to fulfill your dreams but your child’s career aspirations as well.
Along with the above your child will also get assistance in relation with choosing courses, planning to go abroad for further studies, getting groomed to be industry-ready and more.
- What principal strategy does Shiksha follow?
Shikshamaps out the life & career span of your child and estimate the cost for each year of the child’s life. Thereafter it uses projections to find out how much will it actually cost in each year going forward and as a result what is the investment deployment to be made now. This investment must be such that nothing is left to fate and the cash-flow is available when you want it. The cash-flow is also flexible so that you may choose to alter i.e. increase or decrease the amount needed for each year as you move along.
The primary task is to ascertain what the child and you desire for career aspirations, the time span of the career and what it will cost at various stages of the career life span.
- Will Shiksha include risk management also?
Of course! You will get to know from this service the exact amount of life insurance you really need to protect your child’s education funding plan.
No marketing oriented calculations here as we are not agents of any insurance company and have zero interest in selling any product to you. Ultimately whatever is the answer in the calculations, our recommendation to you is, to buy a “pure term life insurance” and nothing else from any insurance provider.
Managing your risks properly is one of the topmost priorities here. Your child’s well-being is at stake if you ignore this. At your absence nothing stops except your earning. Your spouse should also continue living life with all amenities and facilities that he/she rightly deserves. Inflation again has a role to play here. Therefore sufficient amount of life cover of you and your spouse, wherever applicable, has to be taken. To do that, the correct amount of life cover needs to get calculated first. And please make a note here that no thumb-rule can define this correctly.
- What interaction we will have with you in Shiksha?
In Shiksha we will interact with you to understand the following better and then create the education fund planning strategy:
- What you have in mind for your child.
- A working of near accurate estimates of cost in present scenario.
- Variable rate of inflation depending on the nature, type and location of education your desire for your child.
- Advise on how much cash-flow you can possibly consider for fulfillment of this goal.
- Sharing with you best educational resources available across the web.
Mail us at shiksha@transcend-india.com to start securing your child’s future in the most compact way possible.