Term Insurance plus Short term Investment

Q & A ForumCategory: Financial PlanningTerm Insurance plus Short term Investment
vinayak asked 9 years ago
Hi Sreekanth, I have two queries. 1) I am 33 Yr old, I would like to opt for term health insurance in April-2017. Plz suggest me the best plan to go ahead. I may go for 50l or 1cr still no decided.. But I need good coverage for max health diseases and better claim. 2) My son will go to school from this June, I am planning to start SIP from April-2017 till March 2018. I should get good returns in 1 year for his next school fees in 2018. That's my plan. suggest me good investment option with high yield (I can bare high risk as I am keeping it for only 1 year) Or new suggestion also accepted To manage the school fees for the children every year True Follower and Great Fan of yours. Vinayak
1 Answers
Sreekanth Staff answered 9 years ago
Hi, 1 - What is Term health insurance? Do you mean to say that you are planning to buy a Term insurance plan and also a Health insurance plan? Kindly read: https://www.relakhs.com/best-online-term-insurance-plans-india/ https://www.relakhs.com/best-health-insurance-comparison-websites-portals/ https://www.relakhs.com/best-family-floater-health-insurance-plans-details-checklist-comparison/ 2 - For one year horizon, you may prefer bank FD/RD.  In case you would like to have a slightly risky mix then, you may consider RD + Conservative MIP / Arbitrage Fund / Ultra short term Fund. Read: https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/ https://www.relakhs.com/best-arbitrage-funds-returns/ https://www.relakhs.com/debt-funds-types-benefits-risk-vs-return/ https://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
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