Insurance is not Investment : Explore the truth !
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One very popular blunder committed by common investors in India is - wasting their hard-earned money in insurance in the name of investment. This is due to our ignorance about insurance as well as investment . We should be well aware of the following basic things........ Insurance and investment are separate instruments required for separate purposes. We should never mix insurance with investment or vice versa. If you want to get insured, then go for Term-Insurance . If you want to invest your money, then go for different investment vehicle available in market like Fixed Deposit, Term Deposit, Recurring Deposit, Public Providend Fund, Stock Market, Bond, Mutual Fund....... etc.......as per your investment goal. If you invest your hard-earned money in " Endowment Insurance Plan" or " Unit Linked Insurance Plan" , you are actually mixing insurance with investment. You will realise your blunder after 20-25 years during maturity of these pl