About Insurance

Basically our traditional savings is in the following pattern -

• Land & Real Estate
• Term Deposits Etc. through various avenues
• Gold etc., investments
• Investments in Equities, MFs etc.,
• Insurance Schemes.

Besides several other factors,  risks which we generally face include critical illness / death.

These result in the downfall in Lifestyle & Status of families where the family comprises of children who are in the midst of their studies.Insurance is necessary to make the lifestyle continue without compromising with the Educational Prospects and other imperatives like marriages in the family etc., in case breadwinner's absence fall upon the family.  Insurance makes the money to work even in his unfortunate absence.

It is generally advised to have one insured with a life coverage @ 10 times the Annual Income.

This ensures that the status-holder's Income Stream is maintained continuously even in an unfortunate event.  Human Life Value is very important.  Various policies offer several benefits focussing on Tax Benefits, Risk Coverage, Savings for Children Education / Marriages, Pension needs, Assets Creation etc.