Insurance

Insurance is the first area of planning – the vital emergency response that swings into action in case of a disaster.

It helps safeguard your interests from risk or injury. Most people need to focus on three main types of insurance:

Health

Health or medical insurance is mandatory and must cover your whole family. Get one made, even if your employer provides you with a family cover. What if you resign, lose your job, or relocate to a different country? Without your own medical cover, falling ill could expose you to considerable financial stress.

Life

Everyone needs life insurance, right?

The truth is this: you need life insurance only if you have financial dependents and for the sum essential to support their lifestyle and needs for the forseeable future.

Property

Do you own meaningful property?

If yes, you need property insurance. But if you are living in a rented apartment, and don’t own it, your money is better used in more meaningful avenues.