To Get the Most Out of Your Life Insurance, Invest Longer

21.10.2016 • Emerging Markets

By Vivek Kaul – The Vivek Kaul Letter (India)

An individual who buys a life insurance policy pays a premium to keep it going.

As long as he keeps paying the premium, his life is insured. If he were to die during the term of the policy, his nominee would get a certain amount of money referred to as sum assured. This is his insurance or life-cover.

The point being that a very minuscule amount of the total premium collected by the insurance companies actually goes towards real life insurance. And that is not a good sign.

The primary job of an insurance company should be to sell insurance. That is something that is definitely not happening in India.

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