Prajna Capital - An Investment Guide

    In our previous article, The best investment choice for our children: Part 1 of 2 , we had discussed why you should invest in equities to meet your children's financial goals. There are plenty of investment products in the world of mutual funds that can help parents fulfil the financial goals for their children. While starting your investment early when your child is young is essential in ensuring the success of financial goals for your children, you should also ensure sufficient financial protection for your children in the event of an untimely death, by buying adequate life insurance. In this article we will discuss, how you can use mutual funds and life insurance plans to meet the financial goals of your children. Financial Planning for your children When planning investments for your children, it is important to differentiate the investments made for your children from other in...

  LIC's Jeevan Shikhar is a participating, non-linked, saving cum protection single premium plan wherein the risk cover is ten times of Tabular Single Premium. The proposer will have an option to choose the Maturity Sum Assured. The premium payable shall depend on the chosen amount of Maturity Sum Assured and age at entry of the life assured. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 120 days from the date of launch. 1.   BENEFITS   : a) Death Benefit: On death during first five policy years: Before the date of commencement of risk   :   Refund of Single Premium without interest. Single Premium mentioned above shall not include any extra amount if charged under the policy due to underwriting decision and taxes. After the date of commencement of risk   : "Sum Assured on Death" equal to 10 times the tabular single premium shall be payable. On death after completion of five policy years but b...