But the fundamental fact is, insurance is not an investment for returns but a path to secure your future for self or dependants....
A person needs to have three basic investments for a secured life.
namely TERM , MEDICAL & PENSION
Term insurance : Its just an pure risk cover type of insurance, were the person needs to invest approx Rs 3,000 per annum for a cover of Rs 10 Lac . There are various term products available in the market covering for 20-30 years.
Medical insurance :Take an medical insurance with an aprox Rs 1,500 per annum for an cover of Rs 3 Lac .
Pension: Go for the ULIP style one, which is provided by various companies.
With the above three basic investment , it can be rest assured for a cool life.
Right.. Clear view of what everyone must do to secure themselves against uncertainties.. Usually people get confused with variety of insurance schemes available ..
ReplyDeleteOn top of it people can go for investment for good returns..
one must ensure basic safety !!!
ReplyDelete