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Insurance is to protect you from disasters and their financial consequences. There are many kinds of insurance and the most important of these is considered to be Life Insurance, Health Insurance which makes financial provision for your family.
As there are various financial commitments you need to meet in life you need also to provide something even in death or Illness to ensure the security of the family home, to help the family meet expenses at least for a short time, to protect dependent parents or to provide security for your spouse and children.
Insurance forms a vital part of sound financial planning but you do have to evaluate both your personal risk and your longer term commitments. |