which life insurance to buy?

POSTED BY Saurav Lohani ON December 24, 2012 4:58 pm COMMENTS (3)

Dear All,

My age is 26 & am single. I have completed 2 yrs of my job. I want to build a corpse of 25 lakhs rupees so as to fund my child’s education when my age would be 40 yrs. For this purpose I was going for LIC endowment paln no.14 but I read a blog at jagoinvestor that I can achieve the same or more through a combination of Term insurance & PPF. Please guide me which is better option to opt for. 

3 replies on this article “which life insurance to buy?”

  1. Atul says:

    Hi Saurav,

    I suggest go ahead with pure Term Insurance plans and MF,PPF for long term investment.

    Regards

    Atul

  2. Dear Saurav,

    Like every parent, you would also want to secure your child’s future through world-class education.

    ICICI Pru Child Plans are designed to give you money at key stages of your child’s education. And most importantly, in case of your demise, all future premiums payable under the policy will be paid by ICICI Prudential Life Insurance.

    If you want to know more about our Child Plans please visit http://onlinesales.iciciprulife.com/InstaInsureWeb/SmartKid/Buy-Child-Insurance-Plans-Online.htm?UID=503

    We will be happy to assist you if you have any further queries.

    Warm Regards,
    Life Insurance Help
    ICICI Prudential Life Insurance

  3. A combination of term insurance, PPF and mutual fund is any day better than any endowment plan with measly 6-8% returns. Avoid mixing insurance and invesments

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