Even though jewellers pay the insurance premium on behalf of the customer for the first year, thereafter, customers may renew the policy directly with the insurance company.
Dhanteras 2018 is upon us and the market for Gold is on its all-time high. If we look at the statistics and records then whoever has invested in Gold 10 years ago then that person would be enjoying a CAGR (Compound annual growth rate) of more than 10 per cent. None of the banks offer that kind of return on their Fixed Deposit (FD) schemes. Not only this, if a person had invested their money on Gold 13 years back, then that person would be enjoying a CAGR return of more than 12 per cent.