I have ready many articles by Manish and others who have clearly proven that going for a term life insurance is the best bet along with investing in either PPF or a mutual fund (SIP). I wanted to get everyone’s and Manish’s comments on this article from economic times.
http://economictimes.indiatimes.com/personal-finance/insurance/analysis/why-you-must-have-a-child-insurance-plan/articleshow/30943498.cms