Life insurance is one of the most important aspects of financial planning.
In this episode, Certified financial planner Nisha Sanghvi explains the importance of investing in a life insurance policy.
Sanghavi recommends opting for a term insurance policy as it is the simplest and cheapest form of a life insurance policy. With any policy where you get any kind of a return, the premium goes up.
Its also best not to mix insurance and investments, she adds.
Another important factor to consider is that the younger you are when you buy a life insurance policy, the lower is the premium amount.