Quote Originally Posted by shivkumar View Post
One of my friend wants to take a term policy, more info about him here -
i) he wants to take a term policy for his mother,
ii) her age is 53 years
iii) she has a family pensioner (getting around 5000/-)
iv) she is a widow
Why she wants to buy insurance, if she has no dependent?
Insurance is not for investment and return, It's for risk coverage.
Ask her to invest in safe investments like - PPF, FDs etc.