Insurance is the basic need, the fact that now, people are accepting it on it's face value the term plans & good health insurance plans are bought not from the perspective of saving the tax but as a tool of protection against sudden Death, Disease, Disability & Destitution.
Life Insurance provides the major protection against the 4 Ds mentioned above at different stages of life of any human.
Salaried, business professionals or Entrepreneurs all need this security through Insurance because of different requirements, challenges, needs, goals due of different sort of income source.
The best example for this, is the current scenario of pandemic across the globe which nobody knew would come but, it has hit the entire World and caused a terrific financial instability to a lot of parts or sectors of the Society and also to a individual. If dwelled upon, in the right manner lot of people would realize that, they do not have adequate protection cover as far as Life insurance and Health insurance is concerned.
All in all, Insurance is the 4th need of humans which has to be fulfilled like other basic needs named food, clothing and shelter. It not only provides to replace the economic loss caused by the sudden demise of the bread winner but also helps to generate the funds required to achieve the goals, dreams that have seen by an individual for himself or herself for own life as well as that of their families.
Let's pledge, to understand Insurance and financial planning from different perspective & also create a broad mind set towards wholistic financial planning process in our lives to understand as well as live it in the better way possible.
Happy investing...!!!
