News >> Finance >>

Why You Need Multiple Insurance Plans?

Thursday, 23 May 2013, 01:35 IST
By SiliconIndia

Bangalore: In today’s date, it is very important to protect ourselves from unexpected crisis situations. For that, it is equally necessary to have an insurance cover for ourselves and for our family. Insurance will help you handle situations that are not anticipated from you.

If your financial adviser is advising you by any chance, to just buy an one term insurance plan which comes with a big life cover and leave peacefully, then it’s time for you to question him about the advantages of that particular cover.

According to experts, it is very important to have multiple insurance plans than just replying on one. Infact it is always better to opt for pure life insurance as they are also cheaper than the policies that come with both investment and insurance components.

Listed below are few reasons why you should have a multiple insurance plans, reports Dipak Mondal of “Business Today”.

Also Read: Why India Should Have Women Centric Banks? 5 Reasons Why You Should Not Buy Diamonds