Honest to God, this conversation is not an exaggeration. Please read it, and tell me how useful this advise was:
Anchor: Sir, when buying insurance should you buy insurance or an investment too.
Expert: Well you should look at all the features. Normally people buy life insurance to get the 80C benefit. Which means in a decade you may have about 7-8 policies. However if you add all the sum assured it may be less. At this point in time you should see how much is the sum assured and how much you need. Then you should add up all the assets that you have and your liabilities. There maybe a huge gap……..
What kind of a policy should a client look for: Well he should first look at a term policy and then also look at other types of unit linked wealth schemes. The end customer should look at the price, the features, and whether it has riders which are useful. Sometimes the rides are useful and you should see them also. You should look at the benefits that the policy offers. Then you should decide what to do…
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Is there anybody who understood anything from these 2 answers…frankly I did not understand. Since I know the answers it will be interesting to see how the readers of this blog answer and respond to this issue….
as usual i found it amusing…
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