Insurance provides you financial support if something unexpected happens to you and your family – such as an accident, medical emergency cost due to illness, fire or theft. Insurance provides a safety net that can help mitigate the financial impact of unexpected events or emergencies.
Assess your needs before you buy insurance. The type of insurance you need will depend on what you intend to protect in case something untoward happens to you – such as your life, family, house, movable/immovable assets etc. To buy insurance, you will be required to pay premium, which could be monthly, quarterly or yearly. Premium can also be one-time payment in case of certain type of insurance such as Travel insurance. These payments need to be part of our budgeting exercise.
You may contact reliable insurance agents to guide you through the insurance process.
You may also use the following tools to work out your needs, financial goals and budget on your own: