I am Bharath from Chennai. I have a 2yrs old girl baby. Monthly am paying only Rs.1000 for SSA. I wanted to give her good education and Best life in future. I am totally zero in Investments/Mutual Funds, etc., Now I am ready to pay till 1 lakh for her future. I request you to give a worth advice for this amount.
Whether you have enough life insurance? If not, then first priority should be to buy pure life insurance (Term Insurance), then rest of the investment.
could u pls suggest me the good Term Insurance provider ? Also advise me about TROP
Refer my earlier blog post “Top 5 Best Online Term Insurance Plans in India-2016“.
Rather than taking Term Insurance for me, shall I take it for elders in a family? If so means kindly advice
Whether your kid financially dependent on your elder? I know the logic, at hook or crook you want to get the benfit from term insruance. But insurance companies are also wise. They raise the premium based on your age and health condition.