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lakshmanan rajan
Life insurance as savings is a hoax
by lakshmanan rajan on Jan 20, 2015 08:23 PM

Only term insurance covering life, and medical/health insurance is required. Other insurance policies will make money for insurance companies, agents etc, in the form of allocation charges , loading charges, cover charges, commissions etc. Just take only term insuarnce for a small annual premium and forget tax saving , saving, etc.For savings and investment use other instruments and other venues such as gold, realty, etc.
During the decade from 2001 and 2011 a wealth of Rs one trillion of Indians has been destroyed by these Insurance companies in the name of savings , tax savings etc. Ask anyone who has invested in Unit Linked Insurance policies during this period.

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Life Insurance!
by amuldongibaby on Jan 20, 2015 08:28 AM

Once they get their money the LIFE insurance company will take not only your LIFE but the Partners LIFE also. Think twice? ask some one who got the Benefit first.

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surendra tripathi
by surendra tripathi on Jan 19, 2015 07:50 PM  | Hide replies

Being insured and keep other loved once also under insurance cover be followed religiously by all. This article is very much informative, though long.

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Mukund Barve
Re: Insurance
by Mukund Barve on Jan 19, 2015 08:00 PM
Let article render statistics of ratio of claims incurred to claims settled and also the ratios of claims settled within 3 months/6 months/12 months/24 months/36 months> 36 months

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