Four Insurance Policies You Must Have
By SiliconIndia
Life insurance:
Life insurance is almost a basic need. It's the first step in Personal Financial Planning .It fulfills different purposes for different people and can provide valuable benefits if you make your choices carefully. Like many think mistakenly, it is not just for financial protection in the event of untimely death of a family breadwinner. It can also be a comprehensive wealth accumulation solution that benefits almost all.
Whether you are young or old, rich or poor, employed or an unemployed, you can get a plan tailor made for you.
Your life insurance cover should be equal to 12-15 times your annual expenses or 8-10 times your annual income. If you have a balance due, such as a home loan, that should also be included when calculating your cover.
Health insurance:
Health is the most important asset you have. Every aspect of your life is dependent on your good health. When you work hard to meet your aspirations, sometimes you tend to forget about your health. Modern day stress, eating habits, sedate life style and family conditions all cause serious damage to your health.
You should always be careful about your health. Take simple and effective steps to ensure your wellness. But if something happen, do you have enough money to meet the raising health care costs?
Health insurance plans insure you against several illnesses. They protect your peace of mind, get rid of all worries about treatment expenses and allow you to focus on more important things, like getting better.
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