From tax exemption vs tax deduction, to index funds vs ETF, and advance tax vs self-assessment tax, here is a look at the difference between five confusing financial terms.
To start with, a basic term life insurance plan is a must-have in your portfolio. It offers you life cover for a high sum assured in return for a premium. This sum assured is paid as a death benefit to your nominee(s) in case you meet an untimely demise during the policy term.
Buying term insurance plans is all set to become expensive for some customers as a few leading insurance companies have introduced new conditions deciding the premiums of the policies.