Insurance: Protect Yourself from Financial Shocks
Insurance isn’t about returns.
It’s about protection.
This section helps you understand insurance in simple terms — so you can stay prepared without fear or confusion.
Why Insurance Is Important
Most financial plans fail not because of poor investments, but because of unexpected events.
A medical emergency, accident, or loss of income can undo years of saving if there’s no protection in place.
What You’ll Learn in Insurance
- Health insurance basics
- Life insurance fundamentals
- Term insurance explained
- Employer vs personal cover
- General insurance (vehicle, property)
- What insurance covers — and what it doesn’t
- Common policy mistakes
- How to evaluate coverage, not products
Start with These Articles
You don’t need every type of insurance. Start with understanding the most important ones.
- Health Insurance Explained for First-Time Buyers
- Life Insurance vs Term Insurance: What’s the Difference?
- How Much Health Insurance Cover Is Enough?
- Common Insurance Mistakes Indians Make
A Simple Way to Think About Insurance
Instead of asking “What returns will I get?”, ask:
“What financial damage am I protecting myself from?”
Good insurance feels invisible — until the day it quietly saves you.
This Section Is For You If
- You depend only on employer-provided insurance
- You’re unsure whether your coverage is adequate
- Insurance feels confusing or intimidating
- You want protection without unnecessary complexity
Once your protection is in place, the next priorities are:
- Managing monthly money → Save & Spend
- Growing wealth responsibly → Invest Smart
Insurance won’t make you wealthy.
But lacking it can make you financially vulnerable.
Understanding it properly is one of the most responsible money decisions you can make.