My earlier posts were related to the need for financial planning. Now to take it further, lets discuss on Insurance which is very much important as much as the need for financial planning.My earlier posts were related to the need for financial planning. Now to take it further, lets discuss on Insurance which is very much important as much as the need for financial planning.Lets start with the discussion on Life Insurance. Everyone must be aware that life insurance is basically to cover your life risk. This risk of your life is covered by an Insurance company which does so through you subscribing for a policy and judiciously paying premiums from time to time. Now understanding this, everyone will have a question in mind as to "why do i require a life Insurance?" or "when do i require life Insurance?". To understand this please have a look at this short video available on you tube which i came across on this subject.

The next big question in everyone's mind willl be " How much insurance do i need?". My next post will give you the insights which will help one plan for the insurance corpus.