Hi Sreekanth,
Want to know about best child plans as one of my existing LIC Agent suggested me to go for Jeevan Tarun Plan and showing me by investing for 17 yrs approx 3100 p.m.Maturity after 22 yrs will be around 18 Lacs since my daughter age is 3.5 years now. Shall I go for this?
2 Answers
Hi,
May i know if you have already bought any Life insurance policy?
Do you have adequate life insurance cover?
Suggest you to avoid investing in traditional plans like Jeevan Tarun.
https://www.relakhs.com/lic-jeevan-tarun-new-child-plan-834-review/
https://www.relakhs.com/traditional-life-insurance-plan/
https://www.relakhs.com/insurance-importance-life-health-accident-covers/
https://www.relakhs.com/term-insurance-plan-a-waste-of-money/
https://www.relakhs.com/best-online-term-insurance-plans-india/
Yes I do have sufficient coverage on my name but was looking for some wealth for my daughter at her age of 25+.
Hi,
Kindly do not mix insurance and investment.
Products like jeevan tarun can at best give you returns of around 4 to 6%.
As your investment objective is long term, suggest you to consider pure investment options like mutual funds, stocks etc.,
https://www.relakhs.com/calculate-kids-education-goal-amount/
https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
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