Suggest a good investment plan for Child career

Question

Which is a good investment plan for Child career in terms of

1 Taking care of educaton needs up to 21 yrs age.

2. Life cover ,Health cover and peronal accident cover for parents

3. Maximum returns on maturity

Answer 1

i think, you can try overnight income investment. it more simple, workable, profitable and no risk investment. actually, money will work for you even while you sleep and you get your first overnight income. your money grow daily. happy investing and good luck to get secure financial for your child and your family in a short term!

Answer 2

Tata Mutual has various schemes for Children.

Please visit customer help desk or site

Answer 3

529 education plans have been good for saving away towards college.  But personally, if you are fulling investing into a ROTH IRA each year you should save that way. You can always take money out for your child later.  That way the money does not HAVE to go to education, because what if your child gets a scholarship.  

In terms of Life Insurance, there are numerous, AIG, Prudential are all good.  Just make sure you have an up to date will and parental authority outlined.

Now, if you are investing for your child, now is a good time b/c the market is low.   Since they are young, you can be a little more risky with their portfolio.    Get a good financial planner, we are with Oppenheimer and have had a good experience so far.