No parent wants to compromise on their child’s education. In fact, child education is one of the most prominent goals for almost all my clients. Many readers write with their queries about investing for their kids’ child education too. Many want a one-stop solution for their kids’ education. For this reason, many ask about the “Best Child plan” or the best child plan from … [Read more...] about Review: SBI Life Smart Champ Child Insurance Plan: Is it good enough?
LIC Jeevan Tarun
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?
A few days back, I watched a commercial by LIC promoting its children’s plan. The two plans promoted were LIC Jeevan Tarun and LIC New Children’s Money Back Plan. I had reviewed LIC Jeevan Tarun in an earlier post and found it to be an utterly stupid product. Though I do not expect LIC New Children’s Money Back plan to be any different, I will still review this product to … [Read more...] about Don’t invest in LIC New Children’s Money Back Plan
Traditional life insurance plans are opaque, offer low life cover and provide guaranteed poor returns. Insurance companies try to package products in new ways to get investors to invest in these plans. A traditional life insurance plan, especially a participating plan, is so opaque that it becomes difficult to assess how investment performance of insurance company translates … [Read more...] about No parent should purchase LIC Jeevan Tarun