🌿LIFE INSURANCE POLICY🌿
Some hard facts one should be aware of.
The only Life Insurance Policy is “Term Policy” where u get a lump sum for the price of the premium paid. All other bundled policies are scam. They neither give good cover not good returns.
Some hard facts one should be aware of.
The only Life Insurance Policy is “Term Policy” where u get a lump sum for the price of the premium paid. All other bundled policies are scam. They neither give good cover not good returns.
Whenever these bundled policies are sold, they are marketed as “Invest Rs 50,000 per year for 10 years & u will get back Rs 7.5 lakhs after 15 years.” Here the cover will be for mere Rs 5 lakhs & the return on so called investment is merely 4%.
It is surprising to see these policies which offer returns ranging from 0.5 to 4% sold so shamelessly & openly. This is the reason the insurance companies never talk in ROI terms but in absolute numbers.
Even the investors get trapped in these fancy numbers & talks.
“Life cover along with return on investment along with some bonus points !”
The customers are forced not to think in rational terms while mis selling these products.
“Life cover along with return on investment along with some bonus points !”
The customers are forced not to think in rational terms while mis selling these products.
So the central point is that buy only Term Policy for your life insurance.
Don't expect any returns on premium paid as it is not an investment but a price u pay to buy term cover.
Don't expect any returns on premium paid as it is not an investment but a price u pay to buy term cover.
ALWAYS KEEP YOUR INSURANCE & INVESTMENTS SEPARATE.
NEVER MIX THEM.
NEVER MIX THEM.
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