INSURANCE PLANS

WHAT ARE THE BEST CHILD INSURANCE PLANS FOR A 4YEAR6MONTHS GIRL CHILD AND LATEST BEST TERM INSURANCE PLANS FOR A 33+ YEARS MALE?

asked Aug 28 '11 at 13:14 by TULU 1111314


Insurance is meant to cover risk of your life and not to fetch you returns. It will be better that you don't buy insurance for child's future as you need good returns on investment.

For covering risk, term insurance with cover around 10 times your annual salary would be good. You can buy ICICI iProtect online insurance for this.

Regarding child future, you should invest in a mixed portfolio of equity and debt based assets.

You may go for SIP in balanced funds like Reliance Regular Savings Balanced, HDFC prudence, DSPBR Balanced, HDFC Balanced, HDFC Children's Gift and Birla Sunlife 95.

answered Aug 29 '11 at 22:42 by pankaj 5.2k320

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Asked: Aug 28 '11 at 13:14

Seen: 1,056 times

Last updated: Aug 29 '11 at 22:42