The way insurance has been sold in India, my guess is that you are sitting on a lot of dud policies. Why do I call them ‘dud’? Because they don’t solve any of your financial problems. These are products not designed to give you either a good cover or a good return. In its purest form, a life insurance cover should pay your beneficiary a lump sum when you die for the price of the premium. If you outlive your policy, no money comes back.
