Please let us know about Children saving schemes, like deposit 1 Lakh and Get Lump Sum amount after few years. Or do I go and put money in Fixed Deposit.
Pls advice.
Children saving schemes
Please let us know about Children saving schemes, like deposit 1 Lakh and Get Lump Sum amount after few years. Or do I go and put money in Fixed Deposit.
Pls advice.
Clarify the purpose of the investment. Time line etc.
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I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
Purpose - Save Money for future studyOriginally Posted by CONFUSED
Time Line - 10 Years
Premium Payment - One time investment
Lots of view but no reply. Guys please reply to my query.
I am not expert, just sharing the info, I have -
1) Child Career - Go with 6 years payment
Advantage : less amount of premium + extended 7 years Sum Assured after policy
2) Komal Jeevan -
Disadvantage - Pay money in 2 years gap and premiums are costly
Advantage - Guaranteed Addition
Thanks Abbas. But I am looking for lump sum investment.
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