Type Of Insurance You Should Buy At your 20s, 30s and 40s
By SiliconIndia
2. Health insurance at 20s
There is usually a wrong conception among people that at age of 20 you don’t need any health insurance. Health insurance helps one against the future medical expenditure of a person. This means that when someone takes a health insurance plan he or she expects a certain amount of medical expense to be there in future and that individual is paying for that in the present in the form of premium. The main aim of a health insurance plan is to make sure that people have enough money to take care of their emergency medical requirements when they get old.
3. Auto insurance at 20s
Most of the people at the age of 20 possess vehicles, but does everyone own auto insurance too? You might buy an automobile so as to enjoy the trips or to support the business needs. An uncertainty can occur anytime leading to heavy losses.
The costs to get the vehicle repaired in the event of damage or replacing it just in case it is stolen can be huge. Hence it is most needed to buy an appropriate comprehensive policy cover. This policy will further provide you with cover for liability, death or property damage of third parties.
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