The minimalist lifestyle has become a trend in recent years. The coronavirus pandemic reduced the purchases of clothing, cosmetics and accessories. However, it is not enough to save money, money has to work.
When it comes to investments, every person has a wide choice. Investment insurance is the most convenient and reliable option for all social classes of population. Thus, unit-linked allows LIC clients to choose the level of investment risk. It is possible to buy a portfolio with high, moderate and low risk. Life insurance, in addition to high income, guarantees payments to customers if an accident occurs to them.
Long-term investments combined with the possibility of compounding interest bring high returns, therefore it is important to choose long-term investments that will help accumulate capital.
Source: https://www.financialexpress.com/money/insurance-the-new-investment-trend-of-2022/2402903/
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