Want to invest 1 lac in child policy.?

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08-06-2011
hemant.2910

Want to invest 1 lac in child policy.?

Hello experts,

I want to invest Rs. 1 lac for my child who is just 1 year old now for a period of 18 years(i want to pay the premium i.e. 1 lac in one sum). So can you suggest which is the best policy in market for which i wll get nice returns after 18 years.

Thanks and Regards.
08-06-2011
White Caps

Hemant - Avoid investing in an insurance policy for return. Insurance is for covering yourself for future unforeseen events. Better go for good mutual funds.
08-06-2011
Master

Go for best performing Equity MFs. Check ranking of best MFs in value research online website.
09-06-2011
v.r.s.nathan
Quote:

Originally Posted by hemant.2910

Hello experts, I want to invest Rs. 1 lac for my child who is just 1 year old now for a period of 18 years(i want to pay the premium i.e. 1 lac in one sum). So can you suggest which is the best policy in market for which i wll get nice returns after 18 years. Thanks and Regards.

If you want to invest only in Child Plans, check below plans -
- HDFC SLIC Young Star Super
- ICICI Prudential Smart Kid New Unit Linked RP
- Kotak Headstart Future Protect
- Birla Sunlife Children’s Dream Plan
02-07-2011
paragpatel

Re: Want to invest 1 lac in child policy.?

There are many ways to invest for your child's future like Public Provident Fund (PPF), RBI bonds, Mutual Funds, Post Office instruments and pure Equity (Stocks). I would suggest you consult some reputed financial services company.