Yes, I did purchase Insurance policy from one of the advisor for tax free income for my child, but that income will start after my child attends age of 15. Every year he will receive amount 33,000. I have to pay only 15 years and get tax exemption for 15 years, thereafter my child will receive from 15 years, till his entire life amount 33,000 per year. Also in addition to it will receive amount upto 5 lakhs after 5 years as lumpsum amount. For further discussion you can email me on a.alokpatil@rediffmail.com
