A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It […]
What is Critical Illness Insurance? It is customary for most people to be covered with life insurance. Most people who have taken loans or are generally well informed understand the need for life insurance and hence have acted accordingly. However there are some important risks in a persons life – early death (covered by life […]
Insurance – Life or General is largely about answering some questions like “What if….goes wrong”? The fundamental objective of insurance is to provide a means to offset the burden of financial loss. Think of insurance as a premium paid for “transfer of risk” premium. An alternative method of dealing with risk. You are paying an […]