Quote Originally Posted by NSC_Manish View Post
What about the LIC - Magic Plan for Kids?
Magic-Plan Career Builder is not a LIC insurance plan in itself. It is a combination of L.I.C.'s plans and sold by some agents, under the name of "Magic-Plan Career Builder". It's a combination of LIC's 184, 185 and 102 Plans. So you will be buying three LIC plans in the name of Magic-Plan Career Builder.

But what is the return?
The effective yield in the Magic-Plan Career Builder plan works out to 8.51% (using IRR Method). So not that great return either. Check yourself and decide.