Busted: 10 insurance myths that can prove costly

Moneycontrol has an interesting article about the insurance myths prevailing in the minds of the investors.
The insurance myths that are listed in the article are,
1. Should I buy life insurance on my child’s name?
2. Should I buy unit linked policies as an investment?
3. Will I really get a policy for 30 years where I have to pay premium for only three years?
4. I have some old policies from Life Insurance Corporation. My new agent is asking me to surrender them. What should I do?
5. We are the biggest company in…!
6. Our parent companies' credit rating is higher than that of the Government of India; excellent, but er… where do you invest?
7. I have adequate life insurance but my broker is talking about critical illness insurance. Do I need it?
8. My group insurance is adequate
9. My credit card gives me some insurance
10. I am adequately insured, my CA told me

Learn more at Busted: 10 insurance myths that can prove costly.