Why Insurance is the Best Investment Option – Benefits & Tax Advantages
When we talk about investment, most people think of mutual funds, fixed deposits, or stocks. But one of the most underrated yet powerful investment options is insurance . It offers not only financial protection but also long-term wealth creation and tax benefits . Let’s explore why insurance should be a top priority in your investment portfolio. 🔍 What is Insurance as an Investment? Insurance is often misunderstood as just a tool for risk protection. But modern insurance products—such as ULIPs (Unit Linked Insurance Plans) and Endowment Plans —combine the benefits of protection + investment . You get life cover and the potential to grow your wealth over time. ✅ Benefits of Investing in Insurance 1. Life Protection The primary purpose of insurance is to secure your family’s financial future in case of any unfortunate event. A term insurance plan can cover large sums at low premiums. 2. Guaranteed Returns & Wealth Creation Plans like endowment or money-back policies o...