December 25, 2013 11:33 pm
Which is the best available policy for children today ??
Suggest the parents should take sufficient insurance cover so that in case of any unfortunate event to parents, child (or the nominee) get the money and can be used for the child’s future.
As for investing for child’s future, look at opening a PPF account and keep putting money in it so that he gets money after 15 years (generally for higher education). Additonally you may also choose to invest in equity MF via SIP for 10-15 years.
Dear Shilpa, are you asking for insurance policy for your child? Do you mean, in case of death of your child, the insurance policy should pay the sum assured to you?
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