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Is it possible to get 11 per cent guaranteed returns from an insurance plan?

Dhirendra Kumar tells whether an insurance plan should be taken on the pretext of guaranteed returns

I keep getting calls from an insurance agent selling me an endowment plan with guaranteed returns of 11 percent and tax benefits as well. Is it possible to get 11% guaranteed returns? Should I invest? Should I believe?
- Sandeep

No, somebody is lying to you and please don't fall for this. Never invest in an endowment plan and always approach your insurance and investment separately. If you have to prioritise things, insurance is more important than making your investments. To protect your family, one should buy a term plan and make an investment only with the remaining capital.

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