My young brother who was barely 29 passed away couple of months ago in an accident. He has left behind a 18 months old baby. His wife gave my parents an insurance policy (my brother’s), of which they are the nominees. It’s about INR 2 lakhs. My parents would like to invest it in a bond or something for my brother’s baby which can mature into a good sum when he’s eighteen.
I’m a working woman and want to contribute to that fund as and when I can.
What is the best thing I can do here? Thanks.