Insurance Policy is a must for those who have a family to support and is an income earner needs Life Insurance.
If you have any loan, Remember, in case of your death, it is your family that will have to pay off this debt. In case they fail to do so, the financial institution involved can forcefully take possession of your house or car. A life insurance policy can ensure that nothing like this happens. It thus helps you protect your assets.
There are different types of policies available today. Some of these can even help you save for life as a retired individual. These insurance plans, like Money-Back or Endowment, can help you save for the future. They promise an assured sum after a certain period of time or your retirement, which can be a huge help at a later date.