Are insurance policies a good option for savings and return?

As insurance agents describe that we will get good return than FD , there is guaranteed benefit etc , is it true? Should we invest in insurance policies?

Your Answer

During early stages we people were not having as many of expenses as now, so we were paying for protection that has no practical use, Overall, life insurance is not a good investment because whole life insurance is Automate investing in workplace. Bank fixed deposits, saving account, Gold or silver ,short term debt funds and large cap mutual funds are much better than insurance for any investment.

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