Hello Shrikant,
I have received call from HDFC life regarding their youngster udaan plan according to them this is specially designed for child education which gives the lumpsump amount at the end of 15 yrs or 20 yrs (approx. 8% fixed return) and with insurance policy of death cover. C
ould you please check the product and send me your view. Your explanation is very logical and I follow you from last 1 year. I read your simple LIC plan vs term plan topic which was excellent but still I am not convinced if husband and wife both are working then why does it need to have a term plan ? If I am looking for term plan then I think it should cover the critical illness, please suggest any good TERM Plan which covers critical illness.
Thanks, Manish
1 Answers
Dear Manish,
Thank you for following my blog posts!
Suggest you to kindly ignore child insurance plans.
Do you have sufficient life insurance cover? How secured are your (both of you) jobs? Do you have adequate back-ups / wealth, in case god forbids if anything unfortunate event happens, will your kids/dependents be able to lead same standard of life and can achieve the respective goals??
Kindly read :
https://www.relakhs.com/insurance-importance-life-health-accident-covers/
https://www.relakhs.com/best-online-term-insurance-plans-india/
https://www.relakhs.com/aegon-life-iterm-insurance-plan-benefits/
https://www.relakhs.com/hdfc-life-click-2-protect-3d-plus-review/
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