child future plan

POSTED BY kiran ON January 30, 2012 8:29 pm COMMENTS (2)

Hi,
I am planning to invest for my new born child’s plan. I got below insurance plans (LIC) from my relative : Jeevan ankur, komal jeevan, child career plan, child future plan, jeevan sukanya, jeevan kishore.
I would like to know which one would be best one. Also are there any other options to invest for my childs future apart from insurance linked policies?

2 replies on this article “child future plan”

  1. Dear Kiran. all the plans mentioned by you are a sure shot way to drain your money. Please insurer yourself adequately if not done already though Term Plan.

    Regarding investment needs, please invest in a mix of PPF & MFs.

    Thanks

    Ashal

  2. Hi Kiran,

    You can invest in HDFC Prudunce for higher studies ( after SSC). For primary education, you can invest in short term Debt Mutual Funds or RD in Bank.

    R Siva Prasad

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