The only certain thing about life is its uncertainty. For instance, an unfortunate incident like a car accident can drain your savings! So, how can you financially protect yourself and your loved ones from the unforeseen curve balls that life might throw at you? One of the tools that you can use to prepare and manage risks and emergencies wisely is insurance planning.

What is insurance planning?
Insurance planning is the process of carefully selecting insurance policies to financially protect yourself, your family members, assets, etc., against unexpected losses.

Why is insurance planning important?
Without thorough insurance planning, you can be financially exposed to uncertain life events. Proper planning lets you identify the key risks that may impact your life and choose the insurance policies that cover those risks. This sort of preparation and management of life risks is essential to monetarily safeguard yourself and your family in the long run.

Benefits of insurance planning
1. Coverage against risks
2. 2. Different types of insurance coverage:
3. 3. Financial security
4. 4. Tax benefits
5. 5. Mental peace

Must-have insurance policies
1. Health insurance
2. Motor insurance
3. Term insurance