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Householders insurance: A stitch in time, saving nine!
Insurance: Seek cover, not money
When asked about his investment, 41-year old Rajesh Tripathi is quick to refer to Life Insurance Corporation's endowment and moneyback policies. Asked about insurance for his life, his response does not change. Prod further, he promptly says, "These plans (endowment/ moneyback) are better, they give some returns. Pure life insurance is just a waste of money." Tripathi is not alone. Many insure themselves