Making Insurance Work For You

Harshad Chetanwala
MyWealthGrowth.com

While doing some research on term plans on an insurance aggregator website, I came across some interesting statistics that were flashing constantly: 23 per cent of policy buyers opted for plans that return premium at the end of the policy term. The other highlighted statistics were that 31 per cent opted for insurance up to 80 years and 43 per cent opted for insurance up to 85 years. That is where the thought of writing this article came up. Term plans have gained popularity over last few years and helped people to take adequate insurance cover at a reasonable cost. In the earlier days many people use to go for traditional endowment or money-back plans, thinking that they would get returns along with insurance cover in the long run.