Again try to mislead people "like FD".

Saving plan is saving plan
FD is FD.
Both are not related, and totally different product.

LOL, you cannot deposit money with PIDM.

PIDM is the body set up by gov that insured/guaranteed deposit across licensed bank, up to 250k per single entity in a single bank.

Whenever, you put money in saving account, FD, or whatever account in banks, it is insured under PIDM already (except those financial instituition that not under PIDM one).

It depended what you want.

FD -
- more flexibility, got money can put more. No money, don't need to put. Emergency usage, can withdraw.

Saving plan - Rigid, forced saving. No money to pay premium can mean pre-mature surrender, burn money. Even got million inside, emergence or dieing in hunger also cannot withdraw a single cent.
- got insurance protection, you died, get full sum assured.

Do not use estimated/projected figure as the consideration, it doesn't hold much ground, as this is the past performance.
Past performance /= how future performance will be.
And somemore a lot of time, period of past performance can be chosen upon to show better figure.
For eg. I can use 10 years performance of S&P500, it show no gain for the past 10 years.
But if I choose 3 years chart, from 2008 (from the onset of financial crisis to 2011, it show magnificient performance.
Both present a true view or actual happening.

Personally, my view.
If you want to secure money for junior, you look for protection as the major consideration.
Like if die prematurely, you left insurance (sum assured) money to the junior.

If one look for return, while still want to save for junior.
One can always buy separately insurance + UT.
After all, investment linked also a insurance + UT combo only.

You can buy separately, whereby you have more flexibility and more control on your money.
For eg.
You can buy more a pure life insurance, which premium is significant lower than saving plan or investment linked (for the same amount of sum assured), while the rest of money saved, you can buy UT out there. (even investment linked, you are also buying same UT out there one as well).

I don't see why one must rigid oneself in investment.

Please create a new FD topic V2, for further posting on FD issue.

Ty.