Require suggestion from All dimers

1) if you dont have time -> keep it in FD

2) if you have time to monitor -> dabble in MF

3) if you have patience without heartbreak -> juggle into stocks BY YOURSELF (never take tips from anyone, go with learning yourself)

4)......... ETC

5) final piece of suggestion: NEVER EVER GO FOR LIC..... THEY ARE DAY LIGHT LOOTERS (why? because of agent commission your return will be ALWAYS LESS THAN FD)

Side Note: LIC is designed that way:) by default xD to give you LESS RETURNS THAN FD, after giving lot of commission to agents TO KEEP AGENT LIFE SAFE not for your life xD

Go for Post Office NSC.

buy gold and leave it.

Buy kvp for 2 lakh rupees.

Buy OLAELEC shares
It will make you crorepati.

it depends on which bank you are doing FD, highest now is Unity which gives 9% so 2L would be close to 10L in 18yrs

Think of the inflation in 18 years. 8 lakhs is not a significant figure by 2040's looking at the trend of price rise these days.

Best is to invest in stock market - put it in a basic index fund (or split it into 3 or 4 blue chip ETFs) and let it multiply over time. Dont take it out even if market crashes - over time it will have better returns than FD

Real estate, gold and stocks are the only options that beat inflation. 

Don't go in these inflation and taxes will make ur investment literally zero value no appreciation ....

Go for nifty bees check it has given 13-15 % returns for longer time frame

Invest in mid cap for large and mid cap fund. Check Motilal, Mahindra or quant amc

1 Lakh in mutual funds

1 lakh in PPF, if in IT Bracket  to save maturity taxes , with  annually ₹500 for another 14 years

i heard about few hdfc policies. like pay some amount(for example 50k yearly) for few years, your kids will receive yearly some amount(20k) until their death. for complete details, contact your local hdfc policy agents...