Thanks for your blog, its very informative.
I have below queries, could you please help me for the same :
1. I had gone through your article on Term Insurance “Top 5 Best On-line Term Insurance Plans in India-2016” and finalized “ICICI Pru iProtect Smart”.
Rs. 1 Cr for 25 years “Pure plans” with out add-ons. (as I am 38 years old).
2. As you have suggested in your article that it would be good if we can have separate “Personal Accidental Insurance” instead of clubbing it with Term Plan.
I agree with you and planning to take it for Rs. 30 Lacs.
I had seen “Bharti Axa” insurance, but not finalize it. Could please provide your valuable suggestion on same.
3. My Daughter is 3.5 years old. Any suggestion on Child Insurance or Investment which can help for her education and other life events.
Is it possible to provide, some help in finalizing it.
RKE-Go ahead with choices of 1 & 2.
3) Use equity mutual funds for your kid’s investment. One large cap fund like Franklin India ICICI Bluechip Fund and one small and mid cap fund like Franklin India Prima or HDFC Midcap Opp Fund. You invest 65% into equity rest 35% in debt (for debt I suggest PPF or Short Term Debt Fund).