Wondering if an investment-linked insurance product is a good option for an investor? The argument against hybrid insurance products is that they fail in both, generating better returns and offering adequate insurance cover. Another argument against these plans is that they are very expensive. The only thing that works in favour of investment-linked insurance products is convenience. They offer three benefits: insurance, investment and tax-saving.
5 Very Wrong Reasons People Buy Life Insurance
Going by recent findings, more and more Indians are steadily abandoning their Life Insurance plans within two years of taking them on. Although Life Insurance is every bit the great financial product it’s meant to be, most people buy it for all the wrong reasons.