I am single, 28 yr old working woman with a son 8 yr old to support. I plan to take a ULIP for 25lakh for 25 yrs. (Monthly premium @ 2500/-). Stop payment of any more premiums after 3 yrs and take up a MF with SIP of Rs 2500/- pm. Please advise on my plans-the pros and cons as well as any suggestions.
