Life Insurance and MF (Mutual Fund):  If One is Chalk, the Other is Chees e   Life insurers often use the slogan, “Sab se Pahele Life Insurance".  "सब से पहले जीवन बीमा ”. For the last few years, the Mutual Fund (MF) industry has been using a slogan more vigorously, “Mutual Fund Sahi Hai.”  "म्यूचुअल फंड सही हैI" Both Life Insurance and Mutual Funds are reasonably powerful in the financial planning industry. Let us understand the distinct nature and purpose of these two. Life insurance is meant for managing risks associated with the life of individuals, in case they die prematurely or live too long. Mutual fund is meant for increasing the wealth of individuals through pooling of investable funds. While both focus on some kind of fund pooling, the objectives are entirely different. ...