Endowment plan: Low risk is surefire way to keep returns lower
Updated: 28 Jun 2022, 03:00 PM IST
TL;DR.Not all millennials invest with the “millions making” mindset. Wired from birth against taking risks, they still stick to fixed-income life insurance plans. You may attribute their aversion to wealth creation to their unwillingness and inability to handle risks. Many feel dutybound to go by their parents’ decisions of parking money in endowment policies.
Relying more on traditional plans for security rather than capital appreciation has refrained many from creating the desired corpus.