Beware of Insurance Agent’s ‘Triple Benefit’ Sales Pitch

This life insurance product is available for a limited period. It won’t be available after December 31. Don’t miss the opportunity to get triple benefits of savings, insurance and tax-saving.” Recognise the sales pitch? No? Well, you are most likely to hear those lines from an insurance advisor before the end of the year. The advisor is right: the three-in-one policy that he tries to sell won’t be available after December 31, since that is the deadline set by insurance regulator IRDA to withdraw the existing traditional endowment products. What he doesn’t tell you is that there will be better ‘customerfriendly’ products available from the New Year.........

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