I have Invested in SBI Life - Smart Performer, my yearly premium is Rs.50000/-, I have to pay this premium till next 5 years and the policy term is 10 years, I am in confusion whether to continue this policy or not? have I invest in a correct policy? I need your expert advice.
1 Answers
Buying an insurance plan for investment needs is always a bad choice. Insurance should be bought for protection needs only.
For investment with better returns there are multiple equity (stocks, mutual funds etc) and debt (Fixed deposits, FMPs, PPF etc) based product available in market.
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