I am 34 yrs working female having 2 yrs old child planning to invest in following: edelweiss Tokio life gap plan, Birla sun life insurance vision star plan, Hdfc life super income plan, bharti axa life child advantage
Are these plans good, if not please suggest. I can invest 10k/month but I want guaranteed returns.
Sta away from all INSURANCE PLANS or sold as made for CHILD FUTURE. All are dumb plans or I may say dangerous plans.
Can please suggest some plans for me.
First rule you have to follow is separate insurance with investment. Second, buy a proper term life insurance to protect the earning member’s life risk (his/her death may affect kid’s future). The ideal cover should be around 15-20 times of yearly income.
Third, let me know how long you can invest or how long is the goal tenure. Based on that I can guide you.