Is insurance a part of your financial planning?

[Debashis]

Have you considered the role of insurance in your financial planning, and if yes, could you provide insights into the types of insurance coverage you prioritize to safeguard your financial well-being, such as health, life, disability, or property insurance? Additionally, how do you assess the appropriate coverage levels and weigh the cost of premiums against the potential financial risks you aim to mitigate through insurance?

 

[Grant]

I have insurance for my home, and have health insurance and all that. I think it's all part of your lives financial planning. Insurance is important, whether it be your house insurance or your own health insurance. Or even life insurance in some regards. It should be a part of all of our financial planning's.

 

[Nomad]

Yes, insurance is a part of my financial planning. I have not only insured myself but also my spouse and kid. I have endowment insurance plans and upon maturity I will get some money, which I can use for investment or buy assets.