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Life insurance versus FD:
-- The only purpose a Fixed Deposit serves is that of investment. FDs do not provide life cover and protection, whereas this is the primary function of a life insurance policy.
-- A fixed deposit helps you fulfil life's short-term goals. Insurance too can help you in doing this (depending on the policy you choose) and at the same time also provide for your family's financial security. Depending on your financial objectives, insurance can work for you in the long term too.
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