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nsurancei
Is Insurance ImportantFor A Future Financial
PlanningResearch Scholar,Mr. Mahesh S.
NinaweCont. No. 8600204646 ; 9595292131.
E-mail : [email protected]
?
nsuranceiWHAT IS INSURANCE ? Insurance is financial replacement against the possibility of risk. eg. Theft, Fire, Health, Accident, Death etc.
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Insurance also protects us from financial losses that may be caused by fire as
shown above.
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Insurance also protects us from financial losses that may be caused by death of earning person and give
family protection .
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Mis-Conception about Insurance
• Benefits are only after death.• If any premium is not paid then policy will lapse, and the paid amount will not be refunded. (cash flow(Reliance), Jivan Surbhi (LIC) and many others…)
• Insurance investment is not good as compare to other investment benefit.
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BenefitsTypes of Investment
F.D.
R.D. Gold Property Shares Mutual Fund
Insurance
Security √ √ √ √ -- -- √
Interest √ √ √ √ -- -- √
Liquidity
√ √ √ -- √ -- √
Medical -- -- -- -- -- -- √
Accident -- -- -- -- -- -- √
Disability
-- -- -- -- -- -- √
Death -- -- -- -- -- -- √
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Why You May Need Life Insurance
Having a insurance policy provides peace of mind with you and after you.
You’ll have money available for your surviving spouse should they be left alone to take care of the family.
Ensure your family will continue to live as well as possible after your untimely death.