Is Life Insurance only for the rich?

With lives becoming more competitive, lifestyle patterns are changing faster than ever.

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In India all good things are for the Rich Only.

Yes poor are managing bare necessities shrinking budget no medical help, no travelling allowance, no big bank accounts, there will sooner lead to high aspiration syndrome?

While taking insurance policy, whether you are richor poor, choose a correct company and do not getcarried away only by attractive slogans like "zindagi ke saath bhi aur zidagi ke baad bhi". They will seldom pay back your money smoothly.Their grievance elimination procedure is worthless.I am not getting my payment by their Patna branchno 4 even after request after request also to theirRegional and Zonal office for several years.So learn from my bitter experience.

Yes it is right,it is not for the poor people.

It is serious to invest in LIC policy. I have invested RS,6000/- on yearly premium for 10 years Jivan Saral policy. On maturity of 10 years I received only 33663. So lost almost 40persent. Please guide. There was no loan pending.please����

RGV (Secunderabad)

Only term insurance policies are cheap, all othe schemes of Insurance, such as money back policy, endowment policy, children''s policy, ULIP''s etc are very costly with very low returns and high premiums. Never base your retirement corpus on Insurance products and the fear of early death, which insurance products flaunt, can give not more than 5 to 10 Lakhs to your loved once

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