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How safe it is to buy Term Insurance from private companies?

Hello All,
I am Vivek.

Recently I had an argument with a friend of mine regarding buying Insurance Policy from Private Companies.

Unfortunately I have missed to read the Manish’s article about the same.

How safe private insurance companies are?

I have opened up this topic again, just to know what is your opinion about buying Insurance Policy from Private Companies (After reading the above article)

How many of you still feel buying Insurance policy from private sector is a risk?
regards,
Vivek

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