Great Mantra for Wealth Management & Protection
The sole objective of these plans, as the name indicates, is to serve the protection needs of the customer & by doing so, safeguard one’s family from the financial implications of the unfortunate circumstances that one cannot foresee.
In Pure term insurance plans, these are... very low premium because thay have not any maturity value. To maximize your wealth and life security take term plans only & rest of your money should be invested in good diversified mutual funds through SIP (Systematic Investment Plan) for a longer time period. Thus every one should take care of his/ her life like these.
For Health - One should buy Mediclaim only
For Wealth - One should start SIP, STP, FLEX STP etc.
For Protection of Life - One should take term plan only.