When it comes to insurance products there’s a range of choices on offer. There are products like unit-linked insurance plans (ULIP) where the policyholder can choose to invest in different investment-related avenues and get market-linked returns. At the other end of the spectrum are plans that yield a fixed rate of return. Between the two extremes are two kinds of plans that have been popular with insurance seekers for a long time – ‘endowment’ and ‘money-back’ plans. While the terms endowment and money-back plans are used interchangeably, there are a few differences....
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Know The Differences
Source: Dalal Street Investment Journal
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