When it comes to securing our financial future, there are many investment options that come into play. One common dilemma investors face is whether they should continue their existing insurance policies or stop existing policies to start a much more popular option – a Mutual Fund SIP. Comparing Apples To Oranges? Life Insurance and SIP are two financial instruments that serve distinct purposes, yet many individuals find themselves at a crossroads, wondering which is better for their long-term financial goals. In this blog, we will explore the differences between Life Insurance and SIP, shed light on their respective pros and …
Tag: life insurance
When should one buy a life cover?
Have you bought life insurance yet? If yes, that sounds wonderful. You have made the best decision of your life. But why did you get it? Did you buy the policy because you were told it is the best thing one should do or something one should get early? Or was it the tax savings part that persuaded you? If not any of them, was it the “returns”? I hope your decision was not based on “returns” or tax savings. Life insurance is not and shouldn’t be bought for those reasons ever. In this piece, we shall see why you …
How Insurance can Protect You from Uncertainty in Your Life
Life is uncertain. Insurance is for protection against uncertainty. So when we buy insurance, our objective is protection. In this blog, we cover everything you should know about insurance. How insurance works Let us begin with a simple story. There was a village beside a river. The river used to flood every year and four houses on average used to get destroyed due to the natural calamity. The village was such that all the houses were located within proximity to the river and they were all at an equal risk of damage. So all the villagers knew that four houses would break, …