We already told you that insurance is basically a protection against a financial loss which can arise on the happening of an unexpected event.
Unexpected event could be loss of life, vehicle theft, hospital expenditure due to health problems etc.
Though no body wishes that this happens to them, one needs to be prepared for these eventualities for leading a secure and happier life.
Life Insurance
Life Insurance is must for every individual who earns bread and butter to his/her family. If you are just a dependent and no body is relied on you for financial support any time in your life then you don’t need to take an insurance policy.
These are the most popular life insurance products:
- ULIPs
- Term Plan
- Endowment Plan