I have some policies also now I am feeling that I have done some mistake.
No Chetta....you are not wrong,
We should have at least one insurance policy. Though they have many defects, they provide us with a good investment too.
Actually, my husband is a bank employee and he has the target every month, to add new people, in addition to new account. Otherwise, his job will be in trouble for sure. :laugh: :laugh: :laugh:
That is true, in the end life insurance is nothing in terms of earnings. But if some thing happens to insured this is good for the family.
I know it i took a mediclaim policy last year and at that time i thought it will be a waste but recently i took a claim of 1 lac INR for the surgery of my wife and now i know the importance of insurance. :)
We are talking about life insurance and it's utility as investment purpose. Health policies are a must these days, I am pleased that you got the benefit of the same. I have utilized it may times too.
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In my opinion, we should first take mediclaim and accident insurance policies from general insurance company. This covers hospitalization expenses. There is greater risk of accident than normal death. Also there are group insurance policies for employees of govt and corporate sector. Life insurance policy should be taken only if really necessary and then too not over insure.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
