I have a 4 years old child. I want to get a Child plan for his higher education worth amount 35 Lakhs which would be needed after 15-20 years. I want to get him insured too. Kindly suggest me where to invest?
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I have a 4 years old child. I want to get a Child plan for his higher education worth amount 35 Lakhs which would be needed after 15-20 years. I want to get him insured too. Kindly suggest me where to invest?
There are lots of similar threads. Avoid investing in any child plan. Invest in PF, long term MFs, FDs etc.
But I also want him to get him insured too.
You buy a term insurance for yourself, he doesn't need life insurance cover. Try online term plans, they are cheaper.Quote:
Originally Posted by Mahesh
I believe what you are looking for is a long term assured return plan, with regular investment of premium. What you might additionally need is a premium waiver benefit cover, without which child plans are incomplete.