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Insurance | Updating your policy

Life is full of changes, so you may need to revisit your insurance policies to ensure you are adequately covered at all times

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(Illustration by Siddhant Jumde)

Most people understand the importance of investments as the bedrock of a sound financial plan or savings as an integral aspect; others forget how important insurance can be. Without proper insurance coverage, you could put your wealth or financial future at risk. You can’t ignore the importance of insurance. It is a tool that protects the financial plan you have worked hard to build. It transfers several of life’s worst-case scenarios, such as death or disability, to an insurer. In this way, it creates a financial safety net that doesn’t disrupt your savings or derail your investments.

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