Blog 14: Insurance Lessons

    Concept of Insurance:

1.In Simple Terms, Insurance is not an Investment Product.

Insurance is a Risk mitigation Product, Protection against Unexpected Events in Life.

2.Insurance is not a Savings Strategy, it is a method for Transferring Risk.

3.For an Individual Person, Who is the Only Working Person in a family and has dependents must need a Insurance Policy that too "Term Insurance".

4.Term Insurance Premiums are affordable and Provides good Financial Security for the entire Family in case of the Unfortunate event of the Policy Holder.

5.Mandatory Insurances in Life:

Term Insurance, Health Insurance, Asset Protection Insurance, Vehicle Insurance etc.

6.Choose Insurance Companies, Which has good Claim Settlement Ratio.

7.Right Insurance Saves Life of Dependents, If Policy Choosen Wisely.

8.Interesting Fact: Insurance Companies always Wins!!! 

How?

        "Optimists always Wins against Pessimists."

Disclaimer: Consult your Financial Planner, before taking Decisions.

Above Information is only for Educational Purpose.


My Social Media Links and Mail id Details:

Twitter:
https://twitter.com/1harshach?s=20

LinkedIn:
https://www.linkedin.com/in/harsha-chennuboina-2b9b7a235/

GMail:
Capitallife999@gmail.com
Location: Mumbai, Maharashtra, India

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