Top 10 life insurance myths

[IndiaInsurance]

Many people buy life insurance simply as a tax saving instrument. While it is true that life insurance offers tax benefits under section 80c of the Income Tax Act, the sole purpose of life insurance is to provide a protective cover in case of sudden death.

More... (http://www.moneycontrol.com/news/life-insurance/top-10-life-insurance-myths_1149982.html)