I have a term insurance for 45,00,000 (45 L) provided by my employer. I have other general insurances and ULIP worth of about 10 Lakh rupees.
I have 2 children (Girl age 6 yrs and Boy age 3 yrs). I would like to secure their education and want to create some marriage fund for my daugter. I do have some investments in MFs (worth about 5 Lakh rs.). My present annual income is Rs. 12 LPA.
Q1) Can somebody advise me some good insurance funds with child plans
Q2) How are insurance plans with child plans are different from general Life Insurance plans. Who is the insurer and who is the proposer in child plans
Q3) Is insurance funds are better or Mutual Funds are better options for child plans.
Request you to provide your valuable advise.
Thanks, Vishal Rajput