Insurance is a policy which one buys to safeguard oneself, family and the material things one value.
Insurance covers you against any unexpected occurrence in life and it also covers your family even after your death. It is a way of managing risks. When you buy an insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium.
One must also realize that insurance is different from an investment. Investment ensures return on capital unless there is a loss while insurance safeguards one against un-expectancies of life. Here are the three insurance policies which one should go for.
