Some lessons are learnt the hard way. This should not be the case with your insurance policy. As discussed in the previous pages, the life cover should be big enough to encompass all outstanding liabilities and future goals.
When Prasad Patil bought a term insurance cover of Rs 1 crore, he was single and had no dependents. Now married, he feels the Rs 1 crore cover won’t be enough to sustain his family’s needs and cover his goals 10 years down the line.
Buying a health insurance has become a necessity. In spite of rising costs of medical treatments and increasing awareness about buying health insurance, people are still unaware of what makes a health insurance policy a winner.
Samar has just started working and has no financial commitments. He wants to be in control of his financial situation and invests in various instruments every month. Samar has heard that insurance is critical for financial stability.
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