Should you choose an insurance policy that doubles up as investment or buy different products to meet your insurance and investment needs? What if the bundled plan offers lower returns and also leaves you underinsured? Would the convenience of a bundled plan still excite you?
Upon analysing such bundled insurance plans, Mint’s advice is to buy a term plan for insurance that you want, and invest the rest in Public Provident Fund (PPF). We base this advice on an analysis of various scenarios.
