September 27, 2010 5:23 pm
Child plans will help for the persons who don’t have financial knowledge (don’t want to study much). Further, Term+Mutual Funds – will not work for the persons who will tempted to discontinue/ take back their money.. in these cases, child plans is better. One who were not systematic & organised – child plans were far better than Term Plan+MF.. for them there will be a fear of policy discountuition.
Yes, you’re right. Term insurance + equity diversified mutual funds is the best option.
Hope it will help you.
Don’t take any child plans or ulips blindy. Do extensive research.
On a safe side, term plans and SIP in good equity mutual fund for a very long period of time can generate good returns.
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