FD vs Life Insurance: Which is the Better Choice for You?

Aman9029 Nov, 2024Finance

When it comes to financial planning, two commonly considered options are Fixed Deposits (FDs) and Life Insurance. Both are essential tools, but they serve vastly different purposes. While FDs are primarily about saving money and earning guaranteed returns, life insurance provides financial security and risk coverage for your loved ones. Choosing between the two can be challenging, especially since both cater to different financial goals. To help you make an informed decision, let’s dive deeper into what FDs and life insurance offer and how they compare.