Is Life Insurance a Good Investment in India
Life insurance in India is primarily a protection tool, not an investment. Plans like ULIPs and endowment policies offer some returns, but they’re not as high as mutual funds. Term insurance gives the best coverage at low cost. If you want to invest, use mutual funds or PPF. Combine term insurance with separate investments for a balanced strategy. Insurance with returns often has high premiums and limited flexibility. Understand your goals—protection or wealth-building—before buying. IRDAI ensures transparency in policy terms and charges.
