Six term insurance myths debunked for you
We often hear people say life insurance is a must for every earning person. However, no one rule applies to all. It is not uncommon for a working married couple to not have kids or their parents having their own pensions
- Jun 17, 2020,
- Updated Jun 18, 2020 12:38 PM IST
When it comes to life insurance, most people prefer buying investment-linked insurance plans so that if they survive the policy term, they can receive some amount in return against the premium they pay. This is a myth which goes against basic purpose of insurance, which is risk management at lowest possible cost. Similarly, there are a lot more myths about term plans that you must know. Below are six myths busted for you:
When it comes to life insurance, most people prefer buying investment-linked insurance plans so that if they survive the policy term, they can receive some amount in return against the premium they pay. This is a myth which goes against basic purpose of insurance, which is risk management at lowest possible cost. Similarly, there are a lot more myths about term plans that you must know. Below are six myths busted for you: