Insurance is considered as investment as it is done to insure one's life. Term insurance gives us no return but the nominee gets the insured amount on the death of the insured.
Policies like endowment and money back are taken with the expectations of return in the forms of bonus and loyalty. The insured gets the insured amount with bonus and loyalty if any at maturity.
Policies like endowment and money back are taken with the expectations of return in the forms of bonus and loyalty. The insured gets the insured amount with bonus and loyalty if any at maturity.
