Do not mix insurance and investment. The mindset of getting 'something' on maturity is driving many to costly plans that offer very little insurance and only modest returns
Do you really need life insurance?
Yes, only if you do not have enough asset and only if you have financial dependents.
If your absence is not likely to financially affect anyone, you may not need it
In a term policy, there is no maturity benefit. It is like the car policy, where the claim is payable only if there is a loss to the car. Term policy can offer you insurance at a low cost.
Term insurance plans offer financial security for the entire family in case of the unfortunate death of the policyholder. Also, you can get optional coverage for critical illnesses or accidental death. You are covered for a long duration, while the premiums are affordable.
Everyone needs clarity on how to manage their wealth - what they have, what they owe, and how the entire monetary system works. We empower our investors by providing them tools to grow their wealth, help them understand their money and make them more confident and happier.
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