The birth of a child brings joy not only to the parents but also to the parents of the parents i.e. grandparents. It is not uncommon to see grandparents making an investment in the name of their grandchildren. They want to contribute towards their grand children’s future. In this post, I will pick a case where a senior citizen picked up an investment product and invested … [Read more...] about How Rs 3.2 lacs became Rs 11,678 in 6 years?
Whenever I deride an insurance and investment combo plan, I get many queries about how to invest for your kids’ education. When you are planning for kids’ education, your biggest concerns are: Where to invest i.e. choosing the right product to accumulate funds for their education If something happens to you, your planned savings for the kid’s education must not … [Read more...] about How (not) to invest for Children’s education?
Every parent wants the best for his/her child. It is every parent’s wish that financial constraints do not come in way of his/her child’s education or career. Hence, when you are approached with a specific investment plan to provide for your child’s future education or wedding expenses, the product becomes too irresistible to ignore. The sales pitch is so strong that you start … [Read more...] about Unit linked child plans: Should you buy?