Amongst individual financial products portfolio, where do you place an insurance product?
Insurance occupies a very special place in any investment portfolio. It is the only instrument, which takes care of the element of risk. For example: If a person’s life comes to an end unfortunately after paying a paltry sum of money towards the first premium, his family would stand to get the total insured sum, which is not possible in any other form of saving. In this regard, insurance occupies a very unique place among the several forms of saving.
Insurance occupies a very special place in any investment portfolio. It is the only instrument, which takes care of the element of risk. For example: If a person’s life comes to an end unfortunately after paying a paltry sum of money towards the first premium, his family would stand to get the total insured sum, which is not possible in any other form of saving. In this regard, insurance occupies a very unique place among the several forms of saving.
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