Insurance is the most overlooked subject in India. Unfortunately, people think of insurance only as a tax saving instrument. Based on my intereactions with people across Bangalore I can safely conclude that most people feel that the worst can never happen to them and they should not block or waste their money in insurance. I wonder if people know the exact date and time when they are not going to be around. How much ever we may want that to be the case but God and nature have their own ways. None of us can predict that “End-of-life”.
Fortunately, what we can predict with ease though is the condition / state-of-affairs of the people who will be left when we are not around. It is a nasty thing to think about – I agree. But trust me, it is a subject which needs to be thought about. A smart individual and investor is a person who can safeguard the interests of his family both when he is around and when he is not.
Why do I need Life Insurance or any insurance for that matter is a lengthy subject to be discussed with multiple dimensions attached to it. So, I’ll try to cover this aspect over several of my posts.
Insurance is the most overlooked subject in India. Unfortunately, people think of insurance only as a tax saving instrument. Based on my intereactions with people across Bangalore I can safely conclude that most people feel that the worst can never happen to them and they should not block or waste their money in insurance. I wonder if people know the exact date and time when they are not going to be around. How much ever we may want that to be the case but God and nature have their own ways. None of us can predict that “End-of-life”.
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