Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Investment in Endowment Life Insurance or Investment in Term Insurance and Public Provident Fund: A Comparative Study


Affiliations
1 Department of Commerce, Dibrugarh University, Dibrugarh 786004, Assam, Assistant Professor, G.S. Lohia Girls’ College, GNB, Road, Tinsukia 786125, Assam, India
2 Department of Accountancy, Golaghat Commerce College, Golaghat 785621, Assam, India
     

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Life is uncertain. No one knows what lies ahead. It’s always better to be prepared for uncertainties, and make arrangement in advance for one’s family. Life insurance and other modes of investment like PPF play an important role in preparing oneself for the future uncertainties along with helping one to take care of the financial needs of one’s family when death strikes. This study makes an attempt to compare investment in traditional endowment policies with the investment in term insurance and PPF and determine which mode of investment is better.
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  • https://economictimes.indiatimes.com/tdmc/your-money/what-is-an-endowment-policy-and-when-should-you-go-for-it/tomorrowmakersshow/48465113.cms

  • https://en.wikipedia.org/wiki/Public_Provident_Fund_(India)#:~:text=The%20Public%20Providen t%20Fund%20is,combined%20with%20income%20tax%20benefits.

  • https://www.investopedia.com/terms/t/termlife.asp

  • https://www.irdai.gov.in

  • https://www.policybazaar.com/income-tax/know-everything-about-public-provident-fund/


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  • Investment in Endowment Life Insurance or Investment in Term Insurance and Public Provident Fund: A Comparative Study

Abstract Views: 171  |  PDF Views: 0

Authors

Rakesh Agarwal
Department of Commerce, Dibrugarh University, Dibrugarh 786004, Assam, Assistant Professor, G.S. Lohia Girls’ College, GNB, Road, Tinsukia 786125, Assam, India
Pranjal Pratim Dutta
Department of Accountancy, Golaghat Commerce College, Golaghat 785621, Assam, India

Abstract


Life is uncertain. No one knows what lies ahead. It’s always better to be prepared for uncertainties, and make arrangement in advance for one’s family. Life insurance and other modes of investment like PPF play an important role in preparing oneself for the future uncertainties along with helping one to take care of the financial needs of one’s family when death strikes. This study makes an attempt to compare investment in traditional endowment policies with the investment in term insurance and PPF and determine which mode of investment is better.

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DOI: https://doi.org/10.21648/arthavij%2F2022%2Fv64%2Fi2%2F215275