How many times your bank relationship manager has pitched you ULIP (Unit-Linked Insurance Plan) and has discussed with you about different advantages of ULIP. So, we all are well aware of the advantages of ULIPs but none of us is aware of the hidden disadvantages of ULIP.

While as parents we all want to save for our child's higher education, we generally don't start saving early enough. Even a five year delay increases the monthly saving requirement for your child by more than 70%!

This article lists down 5 key reasons why you should save early for your child higher education goals.