Which is better? Saving your money at the bank or have it invest on Life/educational/retirement plans?

Saving and investing are both important. For short term goals, you can just save in a bank since you can get it anytime time. You can consider it as emergency fund. And as we know, bank can only give us, less than 1% return / yr. On the other hand, investing is best if your goal is for building educational / retirement fund. There are specific funds where u can place ur investment wherein returns can be around 10%/yr. And if it is with the life insurance component, your family is protected if anything happens to you.😃