4 Replies to “Does investment in child’s education insurance plans help in the long run?”


  1. NEVER EVER MIX INVESTMENT WITH INSURANCE.
    Few basic points about children plans / ULIPs / Endowment plans
    – Whatever they may claim, they give return between 4-6% on long run.
    – High Administration charges.

    Always go for High Pure -Term Insurance for yourself and put the rest of money either in PPF / SIP in MFs.
    Let me give me one example.
    My friend took child plan of 2 lacs by paying yrly premium of 18,000/-
    Now consider this option. At age of 30 yrs, for 3000 yrly premium you get 10 lacs of term insurance & the rest of 15,000/- can be put in Child’s PPF.
    Its that simple logic.
    Think over it.
    AVOID ALL CHILD PLANS.


  2. You can consider Life Insurance as a forced savings which is safe and secure. We put money in bank only to withdraw it by the month end. We are forced to pay insurance premiums with regularity. If we default, the policy gets laped. There are lot of child insurance plans in the market. On your part, planning is important, taking into consideration the age of the child and the terms and conditions of the policy. For your information, LIC offers, a few child plans, which are Jeevan Kishore, Jeevan Chhaya, Komal Jeevan & child Career plans. If you need more details, contact: email: [email protected]


  3. Child’s Education insurance plans are very useful on the long run. There are many plans in the market which help you. LIC, Tata Aig, Icici prudential,Cholamandalam Insurance, Birla Sun life, Aviva Education is Insurance etc.

    LIC is decent being a government venture. Tata Aig and Icici have similar plans. Birla Sun life and Cholamandalam are more specific. Aviva Child plans seems quite interesting. They have a feature on their website, which gives an estimation of the Education cost of children in different fields over a period of Years. You have many choices and be wise before choosing any investment





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