Dear Friends,
I need your help to buy term and helth insurance plans. I am planning to get term plan, health insurance and children education policies for my family.
1. Term Plan – I have gone through Aviva Lifshield advantage premium return plan. ( for 50L sum assured for 30 years with arround 19000 premium per year. which covers the base cover and accidetal rider with critical illness. On survival will get all the premium return back to me. Is it good pplan or should I go for pure term plan having premium arround 8K to 10K and invest remaining money in to PPF, FD….?
2. Floater Family Health Insurance – A floating insurance for my family ( my wife,son and parents) I have gone through Oriental Happy Family Floater Gold plan for 6L sum assured. Currently having Health policy given my Employer for 3L for whole family. Anyother good plan known to you friends?
3. Children Education/health/life insurance – Planning to buy a policy for my 1 yr old son. Could you please suggest a good policy as I dont have any idea about it.
Please help me to take right decision for my investments.
Thanks in advance.
Nitin Chaudhari