Personal Finance Myth #2

Considering Insurance as an Investment Tool is a Myth | Vrid
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Insurance is an Investment Tool

Have you heard someone saying “you should invest in insurance schemes like ULIP? They give good returns and provide life coverage?”

Well they are wrong. 

Insurance is a great tool to help protect your family against unforeseen events. They are not designed to make money for investors. As an investment, ULIP schemes offer poor returns.

Pro Tip: Buy a term & health insurance as early as possible in your life. The premiums are low when you buy them at a young age. ULIP is a big no.

Share this with your friends and family. Don’t fall in the trap of your “Agent Uncle”.

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

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