Who doesn't wait for Diwali and Dhanteras? Everyone, right! Some wait for the festivities, while some for the auspicious time that Diwali and Dhanteras bring along.
It is that time of the year when market prepares itself with several guides that not only helps investors & commoners redefine their financial goals but also assists them in selecting suitable long & short-term investment plans. However, have you ever come across a guide designed solely for an expecting parent?
While the news of the arrival of a new member is cheerful for a family, it also adds new financial burdens for which the parents need to prepare themselves. At this point, when expecting parents are looking for investment options that can secure their child's future, regular fixed-deposits or purchase of gold cannot help much.
Soon-to-be-parents need to invest in long-term investment plans that not only secure their child's financial future but also provides support to the entire family by offering a good return on investment.
Long-Term Investment Options That Can Benefit Your Baby
As the name suggests, long-term investments should be planned to meet your baby and family’s future needs. These investments provide support to your baby and the entire family at the time of a significant life event like medical emergencies, higher education, marriage, etc.
1. Financial Investments
Dhanteras marks the beginning of the five-day Diwali festival. If you are someone who is looking for a long-term financial investment, choose from options such as equity, mutual funds, shares, fixed deposits, recurring deposits, tax-saving investments, SIPs, etc. As expecting parents, you need to decide a monthly budget that you want to invest consistently, and a mixture of these investments will help you gain the financial stability required to secure your baby’s future.
2. Gold & Silver
An age-old investment trusted by our forefathers, gold, and silver ensure guaranteed ROI over a prolonged period and hence is one of the most trusted forms of investment amongst Indian parents. Investing in gold exchange-traded funds (ETFs) or mutual fund schemes designed for gold and silver investments are ideal for those wishing to follow this age-old investing tradition. You can also invest in physical gold.
Parents want to leave behind a legacy and security for their child that can be used by generations to come. One such investment can be made in the form of house, land, or low-risk business investments. While these investments guarantee stability for a family, it also ensures a good ROI in the future.
4. Stem Cell Banking
Stem cell banking is a concept of storing stem cells derived from a human body in a specialized environment for the future. Stem cell banks collect & preserve stem cells and release them at the time of need. Stem cell banks work under three banking models: Private, Public & Community.
Let us break this concept down for a better understanding.
What are stem cells?
Stem cells are undifferentiated cells with an ability to self-renew itself and develop into specialized cell types, such as blood, muscle, or brain. There are different types of stem cells found in different parts of the human body.
What are the types of stem cells that can be banked in India?
Indian Council of Medical Research, under the Ministry of Health & Family Welfare, regulates stem cell banking laws in India. In India, it is legal to bank, process, or use stem cells derived from three sources: Bone Marrow, Blood, and Umbilical Cord Blood.
What is umbilical cord blood banking & why you should bank your baby’s cord blood?
While there is an option to extract stem cells from bone marrow and blood, finding a suitable donor can be a long, tiring, and expensive process.
Umbilical cord blood banking is a much simpler process that involves banking cord blood at the time of the baby’s birth. Umbilical cord blood is rich in hematopoietic stem cells. Cord blood stored in a bank can be used for extracting stem cells at the time of a medical need that requires a transplant.
What are the stem cell banking options available in India?
There are around 14 private stem cell banks and two public stem cell banks in India. While most of the banks operate under private or public banking models, there is one stem cell bank that provides the best of both worlds and operates under the community banking concept.
Benefits of LifeCell Community Stem Cell Banking
LifeCell is the pioneer of community stem cell banking in India. Under the community stem cell banking model, umbilical cord blood stem cells are preserved privately for the first two years. After two years, the cord blood units are transferred into a shared pool, which is accessible by every community member and can be used by anyone at the time of the need.
India’s only bank to provide dual storage facility at Chennai & Gurugram.
Financial assistance of up to INR 20 lakhs is provided in the event of a stem cell transplantation.
Financial relief of up to INR 20 lakhs is also provided in case of any natural disasters leading to the destruction of cord blood units.
It also provides complete stem cell protection to the baby and the entire family, including siblings, parents, and grandparents (maternal & paternal).
LifeCell also has the largest cord blood registry of Indian origin stem cells with 30,000 units.
LifeCell also guarantees over 96% probability of finding a matching stem cell.
With the increasing use of umbilical cord blood stem cells in regenerative medicine, cord blood stem cell banking is becoming an essential investment for the baby. It should top your list as an expecting parent.
Investing in insurances such as life-term and medical insurance helps in providing support at the critical moments of your life. These insurances either benefit your child at the time of an emergency or help them support their parents when the need arises. There are several term-insurance and health insurance plans available that you can choose from.
However, it is always suggested to invest in options that can support multiple goals along with reducing your financial burden for an extended period. Umbilical cord blood banking is one such option that can help you safeguard your baby and the entire family from 80+ medical conditions.
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Invest wisely and have a Happy Dhanteras & Diwali!