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Insurance refers to a contract that helps the insured recover losses from the insurance company. A mutual fund refers to investments.
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Insurance is concerned with protecting your life for a period of time against any mishaps, accidents or even death. By insuring your life you can provide financial security to your close ones even if something unfortunate happens to you.
Mutual fund is a something where they pool money from various individuals or corporates and invest them in diverse equities. Here the risk is less as compared to direct trading in stocks as the investment is diversified. even if one stock value come down, still there will be other stocks which will cover for them and hence even though the returns will not be as high, still it will be decent. In case of mutual funds there is no life cover.
Mutual fund is a something where they pool money from various individuals or corporates and invest them in diverse equities. Here the risk is less as compared to direct trading in stocks as the investment is diversified. even if one stock value come down, still there will be other stocks which will cover for them and hence even though the returns will not be as high, still it will be decent. In case of mutual funds there is no life cover.
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