AN INSURANCE CUM INVESTMENT PRODUCT CAN BE VALUABLE FOR INSURANCE COVERAGE BUT NOT AS AN INVESTMENT!
An insurance cum investment product can be valuable for insurance coverage but not as an investment! You can watch it in YouTube video, the summary of the blog in the form of conversation (podcast) where the audio is created using Google’s NotebookLM instead of reading the blog: Blog starts here: Exploring financial planning , I often think about a common mistake. Many believe insurance-cum- investment products are the key to financial success. These products, called ‘two-in-one’ solutions, aim to cover both insurance and investment needs. However, they might not serve either purpose well. Let's look into these bundled products and why choosing separate insurance and investment might be smarter. Key Takeaways Insurance-cum-investment products like ULIPs and Endowment Plans may not be the optimal choice for both insurance coverage and investment returns . The purpose of life insurance is to provide financial pr...