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Thread: Education Money

  1. #1
    PolicyWala NewBie
    Join Date
    Mar 2012
    Location
    Pune
    Posts
    1

    Default Education Money

    which is the best policy to get more than 10 Lakhs in 6 yrs. yearly installment should be around 50k-60k




  2. #2
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Default

    As per the query, you will be investing 3 lakhs (assuming 50,000 per year) and looking for 10 Lakhs.

    If you invest 148907 per year for a period of 5 years then you will get 10 Lakhs in 5 year @ 10% return (I feel that's only possible). So you need to increase the amount of investment to get that kind of return. Non of the education insurance policy will give you that kind of return in 5 years duration. So check other investment options.


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