Showing care and love towards your loved ones can come in different forms, and purchasing a family health insurance plan is one of them. While there are several benefits of purchasing a family health insurance plan, finding one that suits your family’s needs can be confusing. Let’s walk through the top family health insurance plans to give you an insight.
Health insurance has become a household name in recent years, especially after the worldwide pandemic outbreak. People have understood the importance of having health insurance the hard way. This has significantly enhanced its popularity.
When it comes to financial planning, people often want to choose the best of both worlds: returns and security. If you have been looking for these two elements under one plan, then you would have come across ULIPs and Guaranteed Return Plans. While ULIP plans offer high returns, guaranteed return plans ensure stability and security. Which one is the most suitable for you? That's a topic worth discussing.
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What about investing in a policy that promises the dual benefit of life cover and maturity benefit? That's exactly what an endowment policy does. All you need to do is save regularly to reap a lump-sum maturity benefit. Simultaneously, the policy also provides life cover to the assured. However, financial experts suggest that not every policy can be suitable for every financial goal.
When 29-year-old Shravan Kapoor planned to buy an endowment plan, he was quite sure he would be able to do that in a few minutes. However, when he opened the insurer’s website, he felt lost in the maze of endowment policies. Guaranteed returns, bonuses, maturity benefits, premium paying tenure, etc, all seemed a little too much to handle.
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