Wednesday 24 August 2011

Insurance Planning

Insurance Planning is concerned with ensuring adequate coverage against insurable risks. It means covering the insurable risks of an individual's life, health, car, home and many others. Insurance planning is essential, as it helps one to identify the risks and getting them covered, by investing into various tools that may provide a protective shell to a persons life, health, car, house and many such assets. It is important to ensure that your family and loved ones are taken care of financially in case something should happen to you. This is where life insurance comes in.It can provide some financial peace of mind if the worst were to happen. Proper insurance planning can help you look at the possibility of evaluating a various options for getting risk cover with varied premium. It is a also advisable to re-evaluate your life insurance needs annually or when you experience a major life event such as marriage or the birth or adoption of a child or purchase of a major item such

Financial Planning


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financial planning is a continuous process that starts with studying of your financial position, defines your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life. Remember, financial planning is a process, not a product. It helps in providing a roadmap to achieve & track your expansion and also recommend changes if required.
People have goals and life needs but they don’t know how to accomplish those life needs. Financial planning helps in providing a systematic approach to achieve your laid down goals.