Thursday, July 22, 2021

Jumbo life covers bought by rich Indians under ED radar

Unbeknownst to most outside the secretive world of wealth management, such covers, sold at substantially lower premium than the rates charged by domestic insurers, are often structured as investment products with a single-premium ‘life insurance wrapper’.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2UDBQSl

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