Simply doing insurance for the sake of saving tax is not what insurance is, but most of them have the same tendency on the insurance product. Proper insurance planning can save you and your beloved family from financial calamity. Different kinds of insurance help protect you and your loved ones in different ways against the cost of accidents, illness, disability, and death.
An over insurance is also harmful to once financial plan as its an additional cost on the pocket and hence a proper Insurance planning is a must. The insurance decisions you make should be based on your family, age, and economic situation. There are many forms of insurance and, unfortunately, no one-size-fits-all policy.
