Insurance - An important tool to hedge yourself against a possible eventuality.
Reading Time - 5 mins Hello Readers, Hope you all are safe and keeping yourself healthy. Do you know? : - अपने देश में , Most of us buy an Insurance as an Investment which is a very wrong approach. This wrong approach can burn out your lots of money (in form of premiums) if you don't analyze and understand the tricks played by Insurance companies. (CA's, CFA's and Actuaries sitting at their table to cut your pocket and book more profits). NO WORRIES , I will help you out to get yourself insured at an effective cost, vis-à-vis at minimum cash outflow. First of all, Let me tell you What is Insurance? In simple देसी language , Insurance is just like a सुरक्षा कवच you get against your asset/ liability by paying a token amount, which is termed as premium . There are several types of Insurance available : Health Insurance Life Insurance Term Insurance Motor Insurance Fire/ Marine Insurance Property insurance Travel Insurance And many more (For probably every asset, t...