Showing posts from September, 2020

Are You Insured?

Insurance Definition of Insurance Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. Insurance is a protection against any loss or damage for which the insurance is purchased, the purpose of Insurance is to protect and fulfill  your family's financial needs in your absence. Getting insured is the one of the major step towards the Financial Planning Types of Insurance Health Insurance Life Insurance Term Insurance Apart from above mentioned insurances there are many other types but for a middle class individual these 3 types serve the purpose Why one should buy Insurance? 1. Health Insurance Now a days medical expenses are very high and to get treated in well established hospitals with all the facilities will cost you hefty. And this may drain out all your life savings to treat some illness, hence to get rid of any such situation one