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Thread: Suggest Child plan for higher education?

  1. #1
    PW Regular
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    Question Suggest Child plan for higher education?

    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?




  2. #2
    Super Moderator PolicyWala's Avatar
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    Default

    There are lots of similar threads. Avoid investing in any child plan. Invest in PF, long term MFs, FDs etc.

  3. #3
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    But I also want him to get him insured too.

  4. #4
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    Quote Originally Posted by Mahesh View Post
    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.

  5. #5
    NewBie
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    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.


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