You may have probably heard the old adage: “Buy term and invest the difference." This aphorism is undeniably true, as there are several occasions when purchasing term insurance appears to be the best option. If you are still unsure, the most significant thing to ask yourself is, “Do I need life insurance for my family if I die?" And if you answered yes, is unquestionably important for you and your family.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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