Indian investors gives more preference to LIC or ULIP insurance plans. They think it is safe and government handles their money. But it is not efficient way of securing your family expenses and risk cover. There is better alternative to insurance plans or ULIP linked insurance plans. Smart alternative is Term insurance + Tax saving Mutual funds. Plan your risk ...
“You should never be satisfied with a little if you are capable of using and enjoying more.” Investment is allow money to grow. In simple term, keep money to work for you. Now we are earning money and always think about make money. But earning an income only by getting job and work. It is limited and we can’t work ...
We could see many Indians take life insurance(LIC) and decides that it is an investment. Investment means money grows by investing. In LIC, money is growing 4-5% annualized interest. It is less that fixed deposit. We agree that life insurance provides risk cover for the loved one or protection plan for family. But do not ever consider that as investment ...
Term insurance are typically lowest premium insurance plans that provide full protection and financial stability to your family in case of any unforeseen events. A term insurance plan is the simplest form of financial protection that can help your family meet its financial needs in your absence. In case of death of the insured individual during the policy term, insured ...