Money back policy for 13 yr child – Any suggestions ?

POSTED BY dkkatariya ON January 31, 2014 3:04 pm COMMENTS (7)

Pl. tell me LIC policy minor granted return money back policy for 13yr child maturity after 6-10yr also if possible one time investment.

7 replies on this article “Money back policy for 13 yr child – Any suggestions ?”

  1. ashalanshu says:

    dear Dkkatariya, can you not accumulate 5L Rs. from normal sources? How are you planning to receive tax free 5L Rs. from a child policy? Please elaborate on your plans.

    Thanks

    Ashal

  2. dkkatariya says:

    Dear Ashal
    I required money Rs-500000

    Thanks
    Regards
    D.K.Katariya

  3. ashalanshu says:

    Dear Dkkatariya, how much money you require at your child’s age 18?

    Thanks

    Ashal

  4. divya.advisor says:

    regarding tax free maturuty, it will remain tax free under IT section 10-10D irrespective of the person assured on the policy (you or your child)

  5. divya.advisor says:

    dkkatariya should anything happen to you before your child turns 18 who will pay for the remaining premiums. One should never invest in an endowment plan on Child’s name.

  6. dkkatariya says:

    money tax free required at the age of 18 for child study

  7. ashalanshu says:

    Dear Dkkatariya, why do you want to invest in a child policy?

    Thanks

    Ashal

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