Many wealth managers are asking their clients, especially those with deep pockets, to consider “investing’ in insurance plans that offer guaranteed returns in the wake of the ongoing crisis of confidence faced by the debt mutual funds. They claim these “non-participating’ insurance plans offer guaranteed better post-tax returns than `risky, high-yielding’ debt mutual funds. Debt mutual funds are facing a severe crisis after Franklin Templeton Mutual Fund, one of the prominent players in the debt space, suddenly shut six of its debt schemes.
Insurers receptive to covering chronic ailments, declare PEDs honestly
Read More
