Please Guide me - Aviva Little Masters?

Hi friends
I'm looking forward to take a long term investment for my child. so i planned to take aviva little masters plan. but they told that if you pay 15000rs for 20 yrs means at the end of 20th yrs you'll get at least a huge return of Rs 25lakhs is that TRUE

is it worth to choose that scheme

Yes. It is worth. All most all the Insurance companies have such child welfare and education schemes. They are good. But if you delay and when once the interest rate falls after some time the maturity payout also will be less. Now the rate of interest is more and hence they offer such a fabulous amount. If you take the policy just now you will get the assured amount. Good luck-

you can check out here:
http://www.avivaindia.com/product_catalo...

here's some more info:-
http://www.outlookmoney.com/scripts/IIH0...

I have a better product which gives u double protection. With Rs 15000 per year I can offer you an Insurance cover of 5 Lakhs.

During the period of 20 years if the life assured passes away then a sum of 5lakhs is payed immideately against a valid claim.
All future premiums are paid by HDFC STANDARD LIFE and your child gets whatever is the value of units accumulated at the end of the term.

This plan is designed to take care of the immideate needs that arise due to passing away of a bread winner, it also takes care of the future needs by giving a lump sum at the end of the term.

I am sure Aviva will not put it on paper that they can give you 25lakhs at the end of the term. If they do so then take their plan.
This investment is invested in the stock market hence returns cannot be gauranteed. Kindly study the product in minute detail before buying.

The product i am offering is HDFC Young Star Plus.
Get in touch for more info about Insurance and Mutual Funds

Happy Investing