The need for insurance arises from the need to safeguard ourselves against unforeseen circumstances. Insurance is mechanism to insulate yourself and your dependents from facing financial hardships in the event of death, illnesses, accidents, thefts, natural calamities and so on. From the beginning of your life, to your retirement age insurance can safeguard you against almost any potential misfortune. It also gives you tax benefits. So if you haven't considered Insurance seriously till now, it might make sense to do so now, and put yourself out of risk.
Life Insurance is one of the most popular savings/ investment vehicles in India. Ironically, its probably the least understood too.
An insurance policy offers much more than just tax planning and investment returns.It offers you the ability to plan for unforeseen events that could affect your family's financial profile adversely.
