Low sum assured offsets benefits of guaranteed returns insurance policies1 min read . Updated: 27 Jun 2019, 12:59 AM IST
- Low sum assured plans offer a guaranteed return, which makes them attractive to risk-averse consumers
- The structure of these products is not standard across the industry
While life insurance policies are ideally meant to cover risk to life of the insured, many policies available in the market also have a savings component attached to them. Guaranteed return investment policies also fall in the category of life insurance policies that have a combination of savings and insurance.
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