April 13, 2012 3:39 pm
I am planing to compile a list of best child insurance plans available in India. Can some one please help me out with this?
Oh really! 3.5% per annum returns (compounded How?). How are those supposed to provide Any support to the future of the child 15-20 years down the line.
For someone willing to spend a little time and effort in creating a tailor made child plan (Term Plan, Other insurances, PPF, Mutual funds) the final results can be very palatable even beating the market and creating a very large corpus for goals and indulgence.
For someone not willing to devote time and effort the results will be extremely sub optimal but still be better than money never invested!!!!!
There are sub-optimal, optimal and super-optimal ways to generate wealth and meet financial goals. People have to determine for themselves what is “BEST” for them. At the end of the day it is all fulfillment of personal goals that matters.
the reason for asking you to avoid the child plans clearly listed out in the blog many many times. Pls check the below link.
Are you after the child insurance linked investment plan.. Probably I might not be able to help as I haven’t come across a single one which I would love to invest in for my own child !
Dear CJ, Please visit each & every insurer’s site & look for individual plan’s detail for your compiling work. If you meant to eat some ready cooked food, my dear friend sorry. Please cook your own food. 🙂 🙂
Hope you w’d not mind.
Then do it, and show us also.
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