Everyone regardless of their age needs life insurance. It is more important for the bread winner of any family.
Life Insurance is a contract between the insurance company (insurer) and the policyholder (insured), in which, in return for a consideration (the premium) paid by the insured, the insurer promises to pay a specified amount to the insured on the happening of a specific event such as death, disability or critical illness.
Life Insurance helps secure the future income for the family even in the absence of their bread winner and thus securing their present life style and their future dreams.
A mutual fund is a financial instrument that collects money from several investors like you, and invests it in various investment options like shares, bonds, etc.
Depending on where your money is invested, mutual funds can be classified into three types: Equity, Debt and Hybrid.
An equity fund is a mutual fund that invests principally in stocks.
You can buy your insurance policy through an individual agent, a corporate agent or a broker.