Here is the recording of my session held on Wednesday 6th May 2020.
Generally people choose Life Insurance for 3 reasons:
1. Tax Benefits
2. Investments for the Future
3. Protection for Family Members when not around
In this session I critically examine many of the current insurance plans on whether they satisfy the above requirements. Sadly, insurance plans do not serve the purpose of Investments. Most of them offer returns in the range of 5to 6% not even managing to cover inflation. Hence do not serve their purpose of investment.
Most of the commonly sold insurance plans like:
Children Plans,
Money Back Plans,
Traditional Endowment plans with or without limited payment term
ULIP plans and
Pension plans
do not provide enough life cover to justify their very purpose of being called Life Insurance Plans. 
Only Term Plans offer the required cover to protect the family members. In my opinion they are the only Life Insurance plans.
I have also discussed market gimmicks in Terms plans in the form of limited premium payment plans and with return of premium plans. These also fail when compared to the plan vanilla plans in terms of their time value of money.
However Term plans do not support the Life Assured when he/ she survives the cover period financially. The solution that I have proposed and show to be appropriate is to use invest the money saved by spending on the term plan in an equity mutual fund. The returns are far superior to any of the insurance plans. This creates wealth for the life assured when he/she survives to old age.
This route takes us to Financial Wellness. 
For a plan appropriate for you and your family please be in touch with me at +91-98942-57406; karthikeyanjawahar@gmail.com.
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