More than 750,000 students from India went abroad to study in 2022. While loans are an option to fund this education, parents typically end up either partially or fully funding their child’s education. A four-year undergraduate degree today can cost anywhere between ₹80 lakh and ₹2.5 crore, while a two-year master’s degree ranges from ₹50 lakh to ₹1.5 crore. Funding this education is a major expense for any parent.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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