Insurance Kya Kya Chahiye? Complete Guide

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Insurance Kya Kya Chahiye? Complete Guide

By wealthchecker Team | Insurance | 7 min read

Insurance boring lagta hai — par ek accident ya illness sab kuch badal sakti hai. Sahi insurance na ho toh saalon ki savings ek pal mein khatam ho sakti hai.

3 Must-Have Insurance

1. Term Life Insurance: Agar family dependents hain, toh term insurance zaroori hai. Annual income ka 10-15x coverage lo.

2. Health Insurance: Minimum ₹5-10 lakh ka individual health cover — company ka group cover kaafi nahi hota.

3. Personal Accident Insurance: Cheap (₹1000-2000/year) aur bahut important.

Term vs Endowment — Clear Answer

FeatureTerm PlanEndowment/ULIP
PremiumLow (₹8-15k/year)High (₹25k+/year)
Coverage₹1 crore+Low coverage
ReturnsNo maturity benefitLow returns (4-6%)
VerdictBest for insuranceAvoid for investment
Golden Rule: Insurance aur investment mix mat karo. Term plan lo + alag se mutual fund mein invest karo. Yeh combination endowment policy se way better hai mathematically.
Kitna Cover Chahiye: Annual income × 10-15 = Life cover. Monthly expenses × 36 = Health cover minimum. Young hote waqt lo — premium bahut kam hota hai.
FinanceSavingsInvestmentHinglishIndiaMoney Tips

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