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Due to the volatility in the stock market in recent months, insurance customers are looking for the safety of capital and guaranteed returns, rather than high risk and quick earnings through the equity markets. This explains why customers have switched their loyalties to traditional insurance plans lately. However, since the traditional plans are not as transparent as Ulips, it is important to keep a few things in mind before opting for the right traditional plan. To begin with, traditional plans are beneficial for customers with low risk appetite. They are recessionproof and not linked with the ups and downs of the market. It is a perfect solution for those who are mostly seeking insurance rather than investment, or looking to build a corpus for a future milestone in life. Depending on your financial objective, loan liability, and family responsibility, you must choose a suitable traditional plan. Traditional plans that one can avail of: |
