Most people think that buying an insurance policy or investing in a mutual fund unit is as easy as signing on the dotted line. Most blindly trust intermediaries. Instead of carefully reading the fine print, they happily sign away at the spots marked with crosses (X) without realising that such a nonchalant attitude could haunt them later. In fact, if quizzed, most policyholders would shrug off their ignorance, by saying that hardly anyone understands legalese.

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