Protection
Safety - Liquidity - Returns (SLR):
In that order, is the most important aspect of sound financial management practice. Not to emphasis more, safety always come first.
Protection of hard-earned money through sound risk management is critical to live a carefree life and reach financial goals. Plan for eventualities of life through:
1. Life Insurance
Simply put, ask yourself, if you are no more will your family struggle for finances to maintain lifestyle ? If yes, take a Term Cover (nothing else plz !) that too of sufficient amount.
2. Health Insurance
With ever increasing cost of medical which can drain your entire savings, take a healthy health cover for family.
3. General Insurance
Be on the right side of law, take insurance for all mandatory regulatory requirements like Professional Indemnity, Fire Insurance, vehicle Insurance etc.
