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Thread: LIC Child Plan : Best policy for my son's future

  1. #1
    NewBie
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    Oct 2009
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    India
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    Question LIC Child Plan : Best policy for my son's future

    I want to save/invest in LIC policies for my child, who is 6 Month old. I can save/invest for my child Rs. 24000/-( per annum). I am salaried person (Aged - 36 years old) and my Gross salary is 30,000/-pm. Please suggest me best policy for my son future.

    Regards

    Anish



  2. #2
    Moderator Rahul's Avatar
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    Default

    Any specific reason - going for LIC Policy.

  3. #3
    PolicyWala Newbie
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    Default

    Quote Originally Posted by Anish View Post
    I want to save/invest in LIC policies for my child, who is 6 Month old. I can save/invest for my child Rs. 24000/-( per annum). I am salaried person (Aged - 36 years old) and my Gross salary is 30,000/-pm. Please suggest me best policy for my son future.

    Regards
    Anish
    You can buy LIC Magic Plan - Career Builder.

  4. #4
    PW Fan
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    Default

    LIC India offers following child plans:
    1) Komal Jeevan
    2) Jeevan Chhaya
    3) Jeevan Kishore
    4) Child Career Plans
    5) Jeevan Anurag

    Kids won't need life insurance coverage, so I would suggest you to buy long term equity mutual funds as return in the above plans are very less. Also invest in gold.


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