POSTED BY December 14, 2011 9:55 pm COMMENTS (5)ON
I took ICICI Pru Child Policy in June 2011. Annual Premuim is 20370 for 23years and Sum Assured is 400000 and riders 400000. Total 800000
After that I realised that I will get very less amount (Max-8%) after maturity.
Now I came to know that there is no need of any child policy, if I take a term policy and invest balance in Mutual Funds (Balanced Funds).
Is it wise decission, if I forego 20000/- that I paid as first instalment premium.
So that I will take one term polcy and Mutual Funds.
Please suggest me.