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Why should you have insurance?
Assets can be destroyed by fire, flood, earth quake, etc. Insurance protects the assets.
Insurance covers the risk. A risk is the possibility of loss or damage, that may or may not happen. General insurance covers such contingencies that may happen.
If there were no uncertainties, there would be no need for insurance.
Life of a person is an income generating asset. In case of untimely death of the person, the family is protected by life insurance cover. For the post-retirement period, life insurance helps to ensures a lump sum payment or a regular income.
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Sebi single registration no : INZ000254231
MCX : MCX/TCM/CORP/0236; Member ID : 40415; NCDEX-NCDEX/TCM/CORP/0982; Member ID : 01008; National Spot Exchange : Member ID : 12810; AMFI ARN No.2649; IRDA RegNo : CA0050
PMS-INP000003328; Merchant Banking - INM000010247; Non-Life Insurance - Licence No: BAG 989545; Life Insurance - Licence No : LIC 989545; CIN : U74899DL1995GOIO64034
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