Insurance :”let’s get down to basics”
Amit , a software
engineer for a large organization, was living happily with his 2 years old daughter at palmpur( Himachal Pradesh)… having a huge source of income, he never given a thought to manage his personal finance. their life was going in a full swing.
unfortunately, no one is able to predict that which way the life is going to lead us..Same thing happens with Amit when One day he got died in a road accident. As obvious, his family has to pay the price for his failure to plan his finance and even not having a basic insurance policy they have to suffer a lot. If he had shopped for this basic life insurance product, his family could have been got a major relief in managing its ongoing future expenses
this is a typical example of having given no importance to this most important aspect. Moreover I have seen lots of people who has plunged all their saving into insurance or insurance related products. Moreover there are some people who lies in the category of having inadequate insurance.
Thus what actually the insurance is? how much cover you must have? and what types of plans are perfect ? What other insurance products must have in your kitty? These are the basics know how about which each and everyone must know.
Tags: insurance, money basics
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