Monday 30 December 2013
Monday 21 October 2013
Tuesday 12 February 2013
Importance of Insurance in our Lives
Do we really Value
the importance of Insurance, or just keep on piling number of Policies just for
the sake of Tax Saving and believing that we have done so called Financial
Planning.
The meaning of
Insurance as provided in the Dictionary is ‘A contract to provide compensation for loss,
damage, or death.’ Or we can say a safeguard against loss or failure.
We should understand
that Insurance is not an Investment, but its purely an Expenditure.
So lets see what are
the different kind of Insurance available and useful for us.
1. Life
Insurance
2. Health
Insurance
i.Medical
Insurance
ii.Daily
Cash
3. Personal
Accident
You
need Life Insurance to cover the Risk of Death of the earning member of the
Family.
Health
Insurance is required as a cushion against Hospitalisation Expenses.
Personal
Accident Insurance covers the policy holder against death or disability due to
an accident.
If
you don’t have the right amount Insurance cover, then it will create a big dent
in your Family’s Financial situation even if you have a handsome Investment
Portfolio.
Sunday 10 February 2013
Friday 8 February 2013
What is Financial Planning ?
1) To make sure that at Retirement when your Income Stops, You are able to maintain the same Lifestyle without any compromises.
2) To make sure that tomorrow if you are not there with your Family, your Family would be having no Problem to live a Comfortable Life.
3) To make sure that All the Financial Goals like :
a) Own your House
b) Education for your Children
c) Marriage of your Children
d) Own your Car
e) Vacation in a Foreign Country
are achieved without Tensions and Worries.
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