Insurance policy for guaranteed returns? | Value Research Individuals should always keep their insurance and investment needs separate
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Insurance policy for guaranteed returns?

Individuals should always keep their insurance and investment needs separate

Is Exide Life insurance is as good as others like ICICI Prudential Life Insurance, HDFC Life, Sbi Life? Is buying a life insurance plan for guaranteed returns okay?
- Nitin

Exide life insurance is the new name for ING Vysya Life Insurance which started its operations in 2001-02. As per company disclosures, the new name and brand identity had no impact on the operations of the company. The members of the board of directors and senior management of the company remained same. We do not recommend buying insurance from this company due to its lower claim settlement ratio.

We always ask our readers to keep insurance and investment needs separate. We recommend term life insurance for life insurance needs and mutual funds for investment needs. If you wish to buy a term insurance cover, go for a plain term cover from HDFC Standard or Max Life. The category of mutual funds you should pick up would depend on your risk appetite and investment horizon.


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