Term Insurance is a Big Step Towards Responsible Parenting

Your child has to compete with 1,31,399,999 kids of the same age. To how about term insurance and other tips of good parenting, read on!

A Guide to Better Parenting

The dynamic clock predicts the population of India every second. Yes, that’s right! Even when you are reading this sentence, it is working. India and China collectively contribute 50% of the world’s population, which means 4 out every 10 people in the world are either Indian or Chinese.

As of 2014, there were 19.8 births per 1000 people in the country. According to the Census 2011, 131.4 million kids were born every year, which means there were 250 births every minute. Now this might be a worrying sign at a bigger level, but what we often forget is that it is also a cause for concern at an individual level.

What it essentially means is that 131.4 million kids are competing with your child to get admission into school and college, to find a good job and an identity for themselves. This is where parenting becomes important, since even someone as talented as Sachin Tendulkar needed his family’s support to succeed.

What is Child Development and Why is it Important?

Child development refers to the physical, biological, psychological and emotional changes that occur in a child from the time of their birth to the end of adolescence. At this time, children start learning from their family and the surrounding environment. You have to act like a guide for your little one during this period because they are most likely to pick up a lot of things from you.

If parenting is not right and the child fails to gain confidence and the skills to succeed, then he/she might have a tough time later in life. This is why it is also very crucial to introduce new experiences at the right time. The bond that you share with your kid in this phase will determine your future relationship.

Tips on Good Parenting

  • Eating habits: About 6 million kids under the age of 5 died in 2012 worldwide. Given that 37% of the population of India is below the age of 18 years, the number is high in India too. A balanced diet and proper nutrition not only helps to build immunity but also makes children physically and mentally fit.
  • Healthcare: About 27 million kids are born in India every day and yet 2 million of them don’t make it past the age of 5. Providing them with proper vaccinations is the responsibility of a parent. Parenthood converts you into a fitness trainer, doctor, teacher and guide, all at the same time. How well you take up these roles decides whether you end up being a good parent or not!
  • Term Insurance: Time and again, the importance of life insurance plans like term insurance and health insurance, has been underlined by the government and other private bodies. Opting for it is a big step towards securing your child’s future. For example, term insurance gives you short term coverage with the payment of as little as Rs. 30,000 per year.