7 common mistakes that people make when it comes to Life Insurance

Most people start their personal financial journey by thinking about where to invest. But at the foundation of a secure financial future lies protection – protecting one’s ability to earn an income in the future. Hence whenever we meet new customers, one of the first things we try to do is understand how well their future incomes and existing wealth is protected.


Insurance of various kinds is the ideal way to take necessary and adequate protection and within that, Life Insurance is one of the most critical, yet underutilized weapons in an investor’s financial armoury. Over the last many years, through our interactions, we have seen many significant mistakes that people end up making in their life insurance decisions. Here we share seven common ones.


Our recent article, published on Moneycontrol.





Image credit: Moneycontrol


Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.


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