As a customer or policyholder, you want to ensure that you keep your funds in a company which is trustworthy, reliant, and financially robust. You buy insurance and pay premiums to mitigate the unexpected and untimely financial loss due to the occurrence of an insured event like the loss of life, loss of property, loss of health, etc. So, it is important to evaluate the insurance company where you are planning to invest your money (in the form of premium) is functioning consistently year by year or not? The most important event is the “claim” in an insurance policy. If the insurer does not pay the claim, then the purpose of buying insurance goes in vain.
6 equity mutual funds offer over 25% CAGR in five years
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