Hi Manish,
REcently I was approached by an LIC agent to take the CHild Future Plan for my daughter who is 1 year now. Following is an eg fig of what he told:
For a Sum assured of 3 Lakhs, I must be paying roughly 16800 per year uptill the kid turns 18. I would be getting 30 K in the 19th, 20th and 21st ear. 75K at 22nd year and roughly 4.84 Lakhs at the 23rd year. In case of death of the parent. The premium would be waived off and the kid would be getting all the above mentioned amounts as such.
Please suggest me if I should go for this ? or are there any other products better than this?