Return-of-Premium Life Insurance: Smart Investment or Costly Mistake?

✅ What is Return-of-Premium (ROP) Life Insurance?
A unique policy where all premiums are returned if the policyholder survives the term.

💰 Dual Benefit
Offers life cover + return of premiums at the end of the term—like a savings plan.

📈 Higher Premiums
Premiums are significantly higher compared to traditional term insurance.

👨‍👩‍👧 Ideal For
Best suited for risk-averse individuals seeking life cover with guaranteed returns.

❗ Tax Benefits
Premiums paid qualify for tax deductions under Section 80C of the Income Tax Act.

🧠 Things to Consider
Assess your financial goals, risk appetite, and affordability before opting for ROP.

🔍 Comparison with Term Plans
Understand the cost vs. benefit before choosing ROP over regular term insurance.

📝 Expert Opinion
ROP is beneficial for those who want a zero-loss insurance product with assured returns.