Why Insurance is Non-Negotiable

Insurance is the most underrated financial tool. One medical emergency or accidental death without insurance can wipe out years of savings in days. Yet most Indians are either uninsured or grossly under-insured. The purpose of insurance is not investment — it is risk transfer. You pay a small premium to transfer a potentially catastrophic financial risk to an insurance company. Think of it as a firewall around everything you have built. You need two types without exception: Term life insurance if anyone depends on your income, and health insurance for everyone regardless of age or employer coverage.