Child education plan which is the best ULIP plan?
i hv two sons 8 n 6 req money for education in future pl suggest me the best ULIP plan
It is good to start planning from now for your sons. As the no of years remain for basic & higher education are more, it is good to go for ULIP plan of Reliance Life Insurance "Automatic Investment Plan"
donn go for ulip, rather take up a mutual fund.
Answers:
Max new york life offers Live Invest policy. It is Unit linked plan that can double your money in just 4.5 years. That's for sure. I am having the policy. Life maker gold plan is also a good option. I can offer more details. Email me at poojagandhi1402@gmail.com.
I am an insurance advisor with MAX
Few of my observations on Kids' ULIP Plans
1. Kids plan is no magic. It can't give any better returns than any other plans
2. If you are spend thrift and someone else to manage your money then go for kids plan.. of course for your kid
3. Difference is that the other ULIP plans are flexible on withdrawal. But Kids plan is little rigid on that.
4. Amount you get is based on the age of your kid.. rather I would say milestone of your Kid's life. for example, after 10th std, 12th std and for degree
5. Sometimes it's good to go for Kids' plan as you may tend to withdraw all your money at once!..
my strong suggestion is instead of looking for child plan, go for general ulip which is best.
if you are specific in ULIP then contact me , i will provide a detailed comparison and other files which will be useful for u to select best ULIP with out loosing much of your money in unwanted higher hidden charges of most ULIPS.
usually people say there is 3 year lock-in period for returns, contact me I will show you the way to earn money from the first month itself - start from thousands, moves to lakhs and run in to crores provided if you pay some attention in ULIP.
wish you a happy investing
my address is
devaraj0910@ yahoo.com