Keep your money with you, invest in real estate, keep it as PPF or FD or invest in e-gold, you can take loan from any of these instruments, if you have your own house you can mortgage it but DON'T GIVE MONEY TO ANY INSURANCE COMPANY. They will find thousand reason why they are not funding any treatment. If they give some money then from next year again they will charge more premium. You will end up paying lot more than receiving. Boss they are also running business, big Offices, Big salary,From where these money is coming? from your pocket only, These companies are paying big monies to govt. to make insurance mandatory for everyone. No help as of my experience.
Re: Better Keep your Money with some other,say real estate or gol
by Venkataswamy Chinthalapudi on May 23, 2011 01:52 PM
True to some extent however having insurance will help in need of hour. I suggest Oriental's HAPPY FAMILY FLOATER policy which have good terms and conditions and reasonable premium rates even in case of claims also. Its better to have health insurance policy till age 55. Besides that you develop corpus fund for emergency needs. Cash in hand is better option beyond 56 years age since premiums are high and claim acceptance likely to be rejected. IRDA need to rationalise benefits and premiums for commom man benefits.
