Insurance was/is and never will be an investment. The definition of insurance itself is”a thing providing protection against a possible eventuality”. We as a society do not understand the fragility of our lives, but what we do understand is how much our family needs us. Such being the case, should we not protect them?
Most in India have a housing loan, what happens when the earning member is no longer available to pay such loan? Should we not protect ourselves against such eventuality?
Take a pure term insurance and protect your family.