This article is written in collaboration with TES Capital. All views expressed in the article are the independent opinions of Sethisfy.com. Read Sethisfy.com’s editorial policy. None of this site’s content constitute personal financial advice and you should do your own due diligence before making any financial decision. I have been very vocal about the downsides of savings plans, but at the end of the day, there are people who still prefer the stability and familiarity of savings plans. They do not want to see volatility in their savings, and prefer to have a product that helps them to save over a time period with steady and stable returns. I personally know such people exist because my own parents, as well as some friends and relatives are exactly like this. For many, buying a savings plan is better than not saving at all, or not doing anything with their money. Before going...