Ensure product suitability so you stay the course with life insurance
Last Update Date: 05-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar said working out a policy's internal rate of return helps compare it with other investments of similar duration. On ULIPs, he suggested weighing risk appetite, comparing them with separate term cover and mutual funds, and examining all charges.
More of Abhishek's views on insurance
Citing persistency ratios shared in the Rajya Sabha, the article notes that many life insurance policies lapse within a few years, partly because of unsuitable choices. It explains how to choose between term insurance, endowment plans and ULIPs based on need, cover amount, policy term, premium affordability and costs.
Publisher source
Ensure product suitability so you stay the course with life insurance