It’s tax saving time. Take a rational decision
Don't get into the trap sprung by insurance companies of heart-warming advertisements
Look at the advertising splurge on television and you will know it is the season that insurance companies pull out all stops to get you to spend your ₹ 1.5 lakh in yet more insurance policies. Before you succumb to the hard sell this year as well and add a 10th policy to the already useless bag of policies, consider this year’s decision as a financial one. What does that mean? It means that you weigh costs and benefits, and take a rational decision, and not one that you take either because of a soppy advertisement or because you want to get rid of the insurance agent who is calling every 10 minutes. Don’t underestimate the leech-like attributes of agents—a friend called once in a panic because the agent was refusing to leave her home without the cheque; not knowing how to make him go away, she was considering writing a cheque just so he would go.