Life insurance should not be used for saving money or for investment purposes. It should be used to protect your dependents from the financial loss in case of your sudden death. But many people are still using life insurance as a saving asset class. In this article, I will explain to you why you should not mix saving (investment) with life insurance. In India Lic Of India is one of the big and famous companies insuring people’s lives. Which life insurance policies provide both saving (investment) and insurance? … In this insurance, endowment, money back, and Ulip policies provide insurance …