I have been investing 1 Lac every year in ICICI Pru Future Perfect for my son since 2017. I receive around 16,000 every year as Bonus from ICICI, fixed bonus is around 64,000 which I will receive at the end of term. Was investing in this instrument a wise decision, considering I am looking to fund my son's education.

Resp. Sir, Thank you so much for the reply. actually I invested in ICICI Pru Guaranteed Income For Tomorrow Plan for fix income without any worry. I will get 1st Payout in sep.2038 at the age of 70 and last at the age of 94. I am 56 now and in pvt job. I am single and have no liability. I have invested in Mutual funds also ( diversified across the market cap). But I have no Insurance of anytype. coz sometime market do not give return for 2-3 years ( sometime negative return also). Hence, I thought a source of fix income should also be there irrespective of market condition. additonally who knows the rate of annuity by 2038 whether it will be 6 % or 5% or 4%. Investing in ICICI ( GIFT) is giving me @ 6+% upto the age of 95. If I calculate SIP at moderate return of 10-12% ( pessimistic) that will give me a corpus between 1.2.to 1.3 Cr. I will get @ 6+% annually fix income out of this ( from ICICI) without any worry. and 66 Lakh return . Market returns are not gurenteed. Hence, that was the thought process behind purchasing ICICI ( GIFT). Now I am feeling greedy. that's why I posted this query on public platform.