Mixing investment and insurance: Finding the right balance for your needs

Age, returns and security are some factors you must consider before your purchase a plan

Relationship managers and agents' work is to pitch insurance products. Many people may struggle to decide if it is the right product for them. Here is a roadmap to help you make the right purchase.

There are two types of investment-cum-insurance plans: linked and non-linked.

Linked: Your money is invested in capital markets and the return is linked to the performance of those investments. Unit-linked insurance plans (ULIPs) are linked products.

Non-linked products: The returns are not linked to market performance. Traditional plans are non-linked and they have two variants: participating and non-participating.

Participating plans get a share in the