identify any long term insurance product you would consider buying in future
Answers
There are multiple types of insurance products and or packages which may attract customers.
When the topic of long term insurance is considered, then life insurances are a big attraction for many.
However, had it been up to me, i would purchase credit life insurance.
What happens in this service or package is that people who purchase this, they have the ability of getting their liabilities or debts paid off after the death.
This is like one of the disadvantages for those people businessman who are either sole traders or partners in a partnership. This is known as the disadvantage of no legal single entity.
Thus, this insurance may help.
I would prefer buying Kotak Life Preferred e-Term in near future, It is an affordable insurance plan by Kotak Life which has an entry age starting from 18 upto 55 years of age.
This insurance plan assures 25 Lacs of minimum return.Moreover tax benefits can be availed with this investment under Section 80C of Income Tax Act 1961.