MONEY MATTERS

It is a fact that insurance has big benefits but it is not an investment. Young employees often start taking it to avoid tax being deducted from their salaries, and not because they require a life cover at all. Many take life covers only because they are clueless about it, because there may be an equally clueless colleague to advise you, and because there is always a convenient person at hand to sell it to you.
Insurance must be bought to only give your dependents financial certainty. If you died, your family will suffer from two kinds of losses: emotional and financial. You can’t replace the emotional loss, but you can certainly replace the financial loss with adequate life insurance. Ask yourself if you have such dependents and insure your life only if that is the case.
Everything from man to properties and vehicles can be insured. Vehicles and properties can be insured under Short Term Insurance. The postal department also offers insurance to things sent by parcel service. Stores offer insurance for the gold purchased from them and some players also insure certain parts of their body.

Filed under: Uncategorized by SAJ