Why this comes first
Investing works when you can leave the money alone. If there's a medical emergency and you don't have cover, you may have to sell your investments, and that often happens when the market is down.
The two covers to have
Life cover looks after the people who depend on your income. A term plan gives you a large cover for a fairly small premium.
Health cover pays for hospital bills. If you only have your employer's policy, remember that it usually ends when you leave the job.
Keep insurance and investing separate
Plans that promise both often leave you short on cover and with modest returns. It's usually better to buy a term plan and invest the rest on your own.
Read the exclusions in every policy and be honest about your health history. A claim can be rejected if you aren't.
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This is general information. It isn't personal advice. Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Insurance is the subject matter of solicitation. Past performance does not guarantee future results.