{"id":2742,"date":"2025-02-18T16:13:55","date_gmt":"2025-02-18T10:43:55","guid":{"rendered":"https:\/\/gift-nifty.info\/?p=2742"},"modified":"2025-02-18T16:19:19","modified_gmt":"2025-02-18T10:49:19","slug":"5-mistakes-to-avoid-while-choosing-your-life-insurance-policy","status":"publish","type":"post","link":"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/","title":{"rendered":"5 Mistakes to Avoid While Choosing Your Life Insurance Policy"},"content":{"rendered":"\n<p>Life insurance is one of the most crucial components of financial planning. It offers financial security to your loved ones in the unfortunate event of your demise. However, like most financial products in India, life insurance is aggressively marketed by agents who might prioritize their commissions over your needs. As a financial planner, I have observed some common mistakes individuals make while selecting life insurance policies. These errors can lead to inadequate coverage, unnecessary expenses, or even financial setbacks. Here, we discuss these pitfalls in detail and how to avoid them, ensuring you make an informed decision.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#1_Opting_for_an_Excessively_Long_Policy_Term\" title=\"1. Opting for an Excessively Long Policy Term\">1. Opting for an Excessively Long Policy Term<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Why_Its_a_Mistake\" title=\"Why It\u2019s a Mistake:\">Why It\u2019s a Mistake:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#The_Right_Approach\" title=\"The Right Approach:\">The Right Approach:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#2_Buying_a_Policy_with_a_Return_of_Premium_ROP\" title=\"2. Buying a Policy with a Return of Premium (ROP)\">2. Buying a Policy with a Return of Premium (ROP)<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Why_Its_a_Mistake-2\" title=\"Why It\u2019s a Mistake:\">Why It\u2019s a Mistake:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#The_Right_Approach-2\" title=\"The Right Approach:\">The Right Approach:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#3_Mixing_Insurance_with_Investment\" title=\"3. Mixing Insurance with Investment\">3. Mixing Insurance with Investment<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Why_Its_a_Mistake-3\" title=\"Why It\u2019s a Mistake:\">Why It\u2019s a Mistake:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#The_Right_Approach-3\" title=\"The Right Approach:\">The Right Approach:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#4_Ignoring_Riders_When_Purchasing_Life_Insurance\" title=\"4. Ignoring Riders When Purchasing Life Insurance\">4. Ignoring Riders When Purchasing Life Insurance<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Why_Its_a_Mistake-4\" title=\"Why It\u2019s a Mistake:\">Why It\u2019s a Mistake:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#The_Right_Approach-4\" title=\"The Right Approach:\">The Right Approach:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#5_Selecting_an_Inadequate_Sum_Insured\" title=\"5. Selecting an Inadequate Sum Insured\">5. Selecting an Inadequate Sum Insured<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Why_Its_a_Mistake-5\" title=\"Why It\u2019s a Mistake:\">Why It\u2019s a Mistake:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#The_Right_Approach-5\" title=\"The Right Approach:\">The Right Approach:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Additional_Tips_for_Buying_Life_Insurance\" title=\"Additional Tips for Buying Life Insurance\">Additional Tips for Buying Life Insurance<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#a_Buy_at_a_Young_Age\" title=\"a. Buy at a Young Age\">a. Buy at a Young Age<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#b_Review_Your_Policy_Regularly\" title=\"b. Review Your Policy Regularly\">b. Review Your Policy Regularly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#c_Compare_Policies_Online\" title=\"c. Compare Policies Online\">c. Compare Policies Online<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#d_Avoid_Relying_Solely_on_Agents\" title=\"d. Avoid Relying Solely on Agents\">d. Avoid Relying Solely on Agents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#e_Understand_Policy_Terms\" title=\"e. Understand Policy Terms\">e. Understand Policy Terms<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Opting_for_an_Excessively_Long_Policy_Term\"><\/span>1. Opting for an Excessively Long Policy Term<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Many individuals assume that a longer policy term is better, often extending coverage until the age of 85 or 99. While this may seem like a good idea, it is rarely practical. Term life insurance should ideally cover your family\u2019s financial needs during your earning years. Once you have achieved financial independence or your dependents are self-sufficient, the need for life insurance diminishes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Its_a_Mistake\"><\/span>Why It\u2019s a Mistake:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Higher Premiums:<\/strong> Longer policy terms come with significantly higher premiums.<\/li>\n\n\n\n<li><strong>Inflation Impact:<\/strong> Over decades, inflation reduces the real value of the insured sum, making the coverage less effective.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Right_Approach\"><\/span>The Right Approach:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Choose a policy term that aligns with your financial goals. Ideally, the coverage should last until you reach financial independence or retirement age, typically between 60-65 years. By this time, you\u2019d have created sufficient wealth to support your family.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Buying_a_Policy_with_a_Return_of_Premium_ROP\"><\/span>2. Buying a Policy with a Return of Premium (ROP)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The allure of getting back the premiums paid during the policy term often draws people towards ROP policies. However, this approach undermines the core purpose of life insurance\u2014providing financial protection.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Its_a_Mistake-2\"><\/span>Why It\u2019s a Mistake:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Higher Costs:<\/strong> ROP riders significantly increase the premium amount.<\/li>\n\n\n\n<li><strong>Lower Value:<\/strong> The amount returned at the end of the term doesn\u2019t compensate for the higher premiums paid, especially when adjusted for inflation.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Right_Approach-2\"><\/span>The Right Approach:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Avoid ROP policies and focus on pure term insurance plans. Term life insurance is meant to offer peace of mind, not returns. Instead, invest the difference in premium into high-yielding financial instruments like mutual funds or fixed deposits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Mixing_Insurance_with_Investment\"><\/span>3. Mixing Insurance with Investment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Many insurance plans, such as endowment policies or Unit Linked Insurance Plans (ULIPs), combine insurance with investment. While these may seem attractive, they often underperform compared to standalone investment products.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Its_a_Mistake-3\"><\/span>Why It\u2019s a Mistake:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Low Returns:<\/strong> Endowment policies usually offer returns of 4-6%, far below the potential returns from equity or mutual funds.<\/li>\n\n\n\n<li><strong>Compromised Coverage:<\/strong> Combining insurance and investment dilutes the effectiveness of both.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Right_Approach-3\"><\/span>The Right Approach:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Keep your insurance and investment needs separate. Purchase a term insurance policy for life coverage and invest in mutual funds, direct equity, or retirement funds for wealth creation. This ensures clarity and maximizes the benefits of both.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Ignoring_Riders_When_Purchasing_Life_Insurance\"><\/span>4. Ignoring Riders When Purchasing Life Insurance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Riders are additional coverages that can be added to your term insurance policy at a nominal cost. Common riders include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Critical Illness Rider:<\/strong> Provides a lump sum upon diagnosis of a critical illness.<\/li>\n\n\n\n<li><strong>Accidental Disability Rider:<\/strong> Offers financial support in case of disability due to an accident.<\/li>\n\n\n\n<li><strong>Waiver of Premium Rider:<\/strong> Waives future premiums if the policyholder becomes disabled.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Its_a_Mistake-4\"><\/span>Why It\u2019s a Mistake:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Missed Opportunities:<\/strong> Ignoring riders can lead to inadequate protection.<\/li>\n\n\n\n<li><strong>Cost Inefficiency:<\/strong> Buying standalone policies for critical illnesses or disabilities is often more expensive than adding riders to your term insurance.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Right_Approach-4\"><\/span>The Right Approach:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Analyze your specific needs and add relevant riders to your term insurance. For example, if you are the sole breadwinner, a critical illness rider can safeguard your family against unforeseen medical expenses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Selecting_an_Inadequate_Sum_Insured\"><\/span>5. Selecting an Inadequate Sum Insured<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Underestimating the required sum insured is a common mistake. Many people overlook factors such as inflation, future financial obligations, and life events like marriage, childbirth, or purchasing a home.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Its_a_Mistake-5\"><\/span>Why It\u2019s a Mistake:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Insufficient Coverage:<\/strong> Your family may struggle to meet their financial needs in your absence.<\/li>\n\n\n\n<li><strong>Inflation Erosion:<\/strong> Over time, inflation reduces the purchasing power of the insured amount.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Right_Approach-5\"><\/span>The Right Approach:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Calculate the sum insured based on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Current Financial Obligations:<\/strong> Outstanding loans, daily living expenses, and education costs.<\/li>\n\n\n\n<li><strong>Future Financial Goals:<\/strong> Marriage, higher education, and retirement planning.<\/li>\n\n\n\n<li><strong>Inflation Adjustment:<\/strong> Factor in an average inflation rate of 5-6% annually. A good rule of thumb is to have a sum insured equal to 10-15 times your annual income.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Additional_Tips_for_Buying_Life_Insurance\"><\/span>Additional Tips for Buying Life Insurance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"a_Buy_at_a_Young_Age\"><\/span>a. <strong>Buy at a Young Age<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The earlier you purchase life insurance, the lower your premium will be. Young individuals are considered low-risk by insurers, leading to affordable premiums.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"b_Review_Your_Policy_Regularly\"><\/span>b. <strong>Review Your Policy Regularly<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Life insurance needs change over time due to marriage, childbirth, or significant career advancements. Regularly review and adjust your policy to ensure it aligns with your current financial situation.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"c_Compare_Policies_Online\"><\/span>c. <strong>Compare Policies Online<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Leverage online platforms to compare premiums, features, and riders. This allows you to make an informed decision and avoid overpaying for unnecessary features.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"d_Avoid_Relying_Solely_on_Agents\"><\/span>d. <strong>Avoid Relying Solely on Agents<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>While agents can provide guidance, their suggestions may not always align with your best interests. Conduct your own research to validate their recommendations.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"e_Understand_Policy_Terms\"><\/span>e. <strong>Understand Policy Terms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Read the fine print of your policy to understand exclusions, waiting periods, and claim processes. This prevents unpleasant surprises during critical times.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Life insurance is a cornerstone of financial security, but only when chosen wisely. Avoiding common mistakes like opting for excessive policy terms, mixing insurance with investment, or ignoring riders can save you money and provide robust protection. By focusing on pure term insurance, selecting an adequate sum insured, and customizing your policy with relevant riders, you can ensure comprehensive coverage for your loved ones.<\/p>\n\n\n\n<p>Remember, life insurance is not just a product; it\u2019s a promise to protect your family\u2019s future. Take the time to assess your needs, consult with financial advisors if required, and make informed decisions to build a secure financial foundation for your loved ones.<\/p>\n\n\n\n<p><strong>Also read:<\/strong><\/p>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/gift-nifty.info\/blog\/10-most-beautiful-women-in-the-world-and-their-net-worth\/\">10 Most Beautiful Women in the World and Their Net Worth!<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/gift-nifty.info\/finance\/the-rise-of-cryptocurrency-etfs\/\">The Rise of Cryptocurrency ETFs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/\">5 Mistakes to Avoid While Choosing Your Life Insurance Policy<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/gift-nifty.info\/finance\/best-crypto-wallets-for-beginners-secure-your-digital-assets\/\">Best Crypto Wallets for Beginners: Secure Your Digital Assets<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/gift-nifty.info\/finance\/5-key-steps-to-plan-a-financially-secure-life\/\">5 Key Steps to Plan a Financially Secure Life<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Life insurance is one of the most crucial components of financial planning. It offers financial security to your loved ones in the unfortunate event of your demise. However, like most financial products in India, life insurance is aggressively marketed by agents who might prioritize their commissions over your needs. As a financial planner, I have &#8230; <a title=\"5 Mistakes to Avoid While Choosing Your Life Insurance Policy\" class=\"read-more\" href=\"https:\/\/gift-nifty.info\/finance\/5-mistakes-to-avoid-while-choosing-your-life-insurance-policy\/\" aria-label=\"Read more about 5 Mistakes to Avoid While Choosing Your Life Insurance Policy\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1230],"tags":[],"class_list":["post-2742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Mistakes to Avoid While Choosing Your Life Insurance Policy - GIFT NIFTY INFO<\/title>\n<meta name=\"description\" content=\"Remember, life insurance is not just a product; it\u2019s a promise to protect your family\u2019s future. 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