Reader's corner: Life insurance

Arijit Basu, MD & CEO, SBI Life, answers your questions

Arijit Basu 

I own a grocery store. I have been investing in single premium policies because my insurance agent told me that non-salaried people cannot invest in longer term policies. Is that true? Can I invest in a 10- or 15-year policy as I want to save money for my children's education?   Life insurance is needed as well as available for salaried and for non-salaried persons. Non-salaried customers should (and also can) go for long-term policies to meet their financial goals. There is no restriction like the one you mentioned. Yes, you should ideally invest in a policy that ...

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Reader's corner: Life insurance

Arijit Basu, MD & CEO, SBI Life, answers your questions

Arijit Basu, MD & CEO, SBI Life, answers your questions I own a grocery store. I have been investing in single premium policies because my insurance agent told me that non-salaried people cannot invest in longer term policies. Is that true? Can I invest in a 10- or 15-year policy as I want to save money for my children's education?   Life insurance is needed as well as available for salaried and for non-salaried persons. Non-salaried customers should (and also can) go for long-term policies to meet their financial goals. There is no restriction like the one you mentioned. Yes, you should ideally invest in a policy that ... image
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