Fixed deposit is a better option if you are looking to invest or save money. Additionally, if want your cash handy, fixed deposits are ideal. If you seek risk coverage and want to pay an annual premium for many years, insurance is what you should settle for.
To earn higher interests choose a Bajaj Finance Fixed Deposit. It offers a flexible tenor of 12–60 months and interest between 5.65% and 6.75% . Use the FD Calculator to evaluate your gains.