Your Child Has Reached The Age Of Complex Thinking Process

Your 7+ year old child has a great urge to know and learn new things. Children this age are genuinely interested about the outside world. You will notice that your child is very enthusiastic about knowing different things and is able to absorb and recall remarkable details about events. Children this age also start developing individual interests and start showing preference towards particular subjects. This will also become evident in their school work.

Contents

• Planning for Your Child’s Financial Security

What you need to know 
At this age, your child’s thinking process is directly connected to emotions. If, for whatever reason, your child is unhappy, then they will not be able to think properly. If your child’s emotions or self-esteem has been hurt then they will not be able to concentrate. They are still too young to control and overcome their emotions and will sulk for a long time. Children who have low self-confidence will be reluctant to try and learn new things. Your intervention and encouragement will be needed to overcome these thoughts and make them think in a positive direction.

Children at this age are able to think up complex ideas and also express them. They would get upset by little things, and help in sorting out their worries is much required. Children this age have started understanding the concept of money and time and also have the ability to plan ahead. You will also see your child getting obsessed about collecting certain things like coins, stones etc and getting very possessive about them.

Planning for Your Child’s Financial Security

The growth and success of your child are not only associated with education and skills; the small decisions you make today as a parent firmly lay the groundwork for your child's secure tomorrow. When it comes to financial security, life insurance is an effective tool. You can choose from various types, such as whole life insurance, endowment plans, ULIPs, term insurance, and more.

You can also opt for a 1 crore term insurance policy, which offers robust coverage at low premiums that fits within your budget. You can also use a term insurance plan calculator to tailor your policy based on your requirements and your child’s goals. Remember, selecting the appropriate plan based on needs is critical so your child has adequate funds to fulfil all their dreams.

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Disclaimer: This content is for informational purposes only, based on industry experience and secondary sources. It is not a substitute for professional advice. Please consult a qualified expert for health or insurance-related decisions. Content is subject to change, refer to current policy wordings for specific ACKO details.

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