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Date : Aug 16, 2008 Question my sister son age 6months,please suggest which is the best policy for the child and father in investment Answer
At apnainsurance we believe that insurance is a protection tool and not investment vehicle. Before buying any children policy you need to buy term insurance policy. as far as children policy invest into PPF in minors account and also think of investing into mutual fund in the form of systematic investment plan. But for your information there are various children`s policies available in the market. These policies are designed to provide a quality higher education to the child. It also ensures that the child is taken care even in the absence of their parents. Many policies have a benefit of premium waiver. There are payout options at various pre-determined tenure of the policy to meet specific needs of the child. In most of the policies the life insured is the parent where the beneficiary is the child. The premium of the policy depends on the age of the proposer parent or guardian and the child. |
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