Is Unit-linked Insurance owe the customer a better return?

Is it offer any growth? current FD-return-ratre is about 10%... Could the Unit-linked insurance assure atleast that much return ??

Is Unit-linked Insurance owe the customer a better return?
there is is no guaranteed return in unit linked insurance. the guaranteed part is the sum assured upon death or permanent disability.





FD provides pure saving and Unit Linked provides saving + protection. both serve 2 dinstinct purposes.





Mathematically if FD gives you a guaranteed return of 10% per annum, I dun see a reason why you need to put money in unit linked insurance. As many will favor buy term and invest the rest.





But in the real world many will buy term and spend the rest.





If today a bank announce 20% interest on FD, how many % of the population actually can take advantage of this s. If you happened to read your local financial report, you will find out only a small percentage of the people can benefit (approx 5%). So what happened to the rest?





Insurance companies are well aware of this scenario, so they created endowment and unit linked insurance to help people to save money with protection. The monthly contribution can be little in the beginning but as time pass this amount can be huge.





Look at this example, if you can save 10 a day compounded at 6% per annum, you will have 142,000 over a period of 20 years.





You can figure out 30 years, 40 years and so on.





The problem is how many people will have the discipline to follow this simple step? Maybe 5% or less.





Find a plan that can force you to save money and the principal is guaranteed.

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