Hello All,
In most of the discussions many of us have expressed that instead of any child plan or any endowment plan if one invests in term insurance + MF/PPF/FD combination then the returns will be high.
In almost all cases we have assumed some return rate, like PPF will give ~8% returns. But what will happen if interest rates are reduced drastically. In some countries interest rate in banks savings is almost negligible. If similar situation arrives in India after 10 years, then in that case child plan or any endowment plan taken today will provide more returns or even in that situation MF/PPF/FD combination will give more returns ?
Thanks ,
Yogesh