To avoid being scammed out of their money, here are the insurance products senior citizens should steer clear of at all cost.
1. Don’t buy ‘guaranteed return’ policies
In the first place, senior citizens should not buy life insurance since they don’t need it. Life cover ensures that the family doesn’t suffer financially if one dies, and is needed only till one is working, to replace the income. “As 90% of Indians don’t work after retiring, they don’t need it,” says ..
