My son is 4 years old. I want to make him financially secure. Since I am not from finance background, these things never fall into my arena. I request you to please take few minutes out of your busy schedule and tell me which kind of investments or policy I should undertake for my child.
You should opt for an insurance cover so that if anything unfavourable happens to you, your child can at least get the money. Then for your child’s future, you can invest in PPF, RD, FD, equity mutual funds via SIP for long period of time.