Insurance and Investment are both different . Never Think that Buying an ULIP Insurance plan is an investment for future . Insurance is helpful when you are not there . So to Accumulate 1 crore Rupees for her education and Marriage Invest in share Market and Mutual Fund .
Meaning of Insurance
Insurance means fulfiiling the damage caused to you due to some mishappening . Suppose you have a term insurance of 1 crore Rupees and some mishappening happens with you then this 1 Crore will be given to your family from the insurance company as an insured amount .
In India many people think that buying an insurance is an investment which is totally wrong perception . Insurance will help in fulfilling financial needs of your family when you are not there . Investment will help you and your family in fulfilling financial needs .
So for your Daughter Education and Marriage Invest in Large Cap Mutual Funds and Large Cap stocks in Share Market . Buy a Term Insurance Only . Don’t Buy any Insurance Plan for her Education and Marriage