Insurance is also a commodity. When you buy a commodity, you opt for low price and and more quantity. But an exception is made in case of life insurance. Term insurance is best if you consider only low premium and high cover. It is not prudent to treat insurance as an investment.
Now almost everyone knows the significance of being insured. But insurance companies are making it as a huge profit earning business. We should have thorough knowledge about the policy before we purchase.
Born to express, not to impress.
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Everybody must have an insurance policy and now many insurance company offered best return policy.But its better to go for LIC policy only.
Insurance is for security to dependents in unfortunate event of death of policy holder. This is not an investment and hence return does not matter. What maters is LOW PREMIUM AND HIGH COVER. Hence term policy is most suitable.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
