News From Press Do not mix insurance and investment

Do not mix insurance and investment

Source: Value Research Jan 10, 2020

A while back a reader informed us why pure life insurance goes against his religious beliefs. According to him, it works like a betting game. Let's say you insure yourself for Rs 10 lakh at an annual premium of just Rs 2,000. What this means, according to our reader, is that you are willing to bet that you will die this year and so you willingly cough up Rs 2,000. The insurance company bets that you will not die and is willing to pay your family Rs 10 lakh if you do.

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