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Should I buy an endowment insurance policy?

One should never mix insurance with investments, advises Dhirendra Kumar. Most individuals are well served by a reasonably priced term insurance plan

I want to buy an insurance policy called Maha Jeevan Plan from India First Life Insurance. It has a tenure of 15 years and premium of ₹20,000-24,000. Is it advisable to buy it?
- R. Sharma, Delhi

 

This article was originally published on December 12, 2016.

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