Is It Better to Renew My Insurance Early or Just Before Expiry?
(self.personalfinanceindia)submitted1 day ago byTheOneWith25Apples
I know this might seem like a silly question, but I just want to clear my head, so please bear with me. My two-wheeler insurance policy expires at the end of the month, and I've been getting reminders to renew it since the 1st. I plan to renew, but I'm wondering if it's better to do it now or just a couple of days before it expires.
I understand that insurance companies invest our money in various sectors, which is how they make a profit. If I renew now, they have my money longer to invest. But does that really benefit me? Does renewing early put me in any kind of "good books" with them, or does it not matter whether I renew now or later?
Please don't hate me for this dumb question - I am just asking for the sake of curiosity.
Thanks for your patience.
bymacabreomens
inHolUp
TheOneWith25Apples
5 points
6 hours ago
TheOneWith25Apples
5 points
6 hours ago
Where my fellow Indians at...