There are numerous financial and insurance solutions available in the market that allow you to invest and earn bigger returns. The market’s most often utilized investment products are fixed deposits (FD) and life insurance (LI). Speaking of which, fixed deposit vs life insurance is always a brewing topic among investors
Despite the fact that life insurance is an insurance scheme, many utilize it as an investment. On the contrary, fixed deposits are solely an investment product that allows you to make investments over a wide range of time periods
Fixed Deposits
Life Insurance
FD vs life insurance
You may also love to read about – Difference between ppf and fd
Conclusion
Keep the above points in mind while figuring out an answer for the fixed deposit vs life insurance topic. Your needs will determine whether a fixed deposit or life insurance is better for you. If you want to maximize your returns, getting the benefit of the interest rate on FD instruments may be your best option. On the other hand, you can choose a life insurance plan and put a safety net in place if you wish to cover the risk.
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