Best policy for Children Education

[>take]

Avoid putting your money in any Child Insurance Policy, none of them give you good return. Better buy a term Insurance Plan for yourself and invest remaining amount in Mutual Fund via SIP.

[ReVoLuTiOn]

Avoid putting your money in any Child Insurance Policy, none of them give you good return. Better buy a term Insurance Plan for yourself and invest remaining amount in Mutual Fund via SIP.

I am not agree with you >take. ULIP plans offer better coverage and returns in long run. It offer benefits in case -
1. Accidental Death Benefit (ADB) - Lump sum benefit paid on accidental death
2. Permanent Disability Benefit (PDB) - Installments paid on becoming disabled
3. Critical Illness Benefit (CIB) - Lump sum benefit paid on diagnosis of a critical illness
These are not there in term insurance.

Plus if your wife don't know where to invest in case you are not there, who the corpus for child will generate. Most of the child plans are for 15 years plus. And give you returns when you need it for the education of child. But always select for low changes ULIP plans.

[>take]

1. Accidental Death Benefit (ADB) - Lump sum benefit paid on accidental death
2. Permanent Disability Benefit (PDB) - Installments paid on becoming disabled
3. Critical Illness Benefit (CIB) - Lump sum benefit paid on diagnosis of a critical illness

All these addons are available on term insurance policy.