I have some financial liabilities on my shoulders to take care of. Looking at my financial condition from this angle only, I am totally confused between three options available to me: PPF and term insurance plan; Jeevan Saral policy of LIC and SIP in mutual funds; and Jeevan Saral policy and Jeevan Anand policy. Please tell which option I should pick.
At the first instance, financial liabilities alone should never serve as a base for financial planning. Consider other things as well. In my opinion, out of these three specified options, PPF and term insurance plan seems best for you.