Why you need Insurance and how much you need? There are uncertainties in life, which are not under control of any human being, for example, accidental death, permanent disability due to accident, early death, critical illness , loss of job/business etc. To have protection from these uncertainties, we need insurance, so that insurance helps to some extent financially to our dependent members of family. Why we buy 'Inverter'? surely your answer will be that in event of failure of electric supply. It protects us by supplying electricity. Have you ever calculated cost of this 'protection'?, if u just calculate cost, it will be about 5 times of highest tariff, Why you pay such a high price?, obviously answer is for protection of comforts. We buy Insurance for Car of full value of Car, but it comes to own life, we do not calculate replacement value of our earnings. Institute of Insurers has suggested 10-15 times of Annual earnings as fair value of Insurance for single earning member TO SUSTAIN FAMILY TO SURVIVE IN CASE OF ANY MISHAP. Imagine God forbid if some one meets with misfortune and not able to earn, What will be faith of his family? Can his family survive. Besides, uncertainties mentioned above, one need insurance for Retirement planning, education of children etc. It has been seen that if you start keeping some money from your earnings for investments in different types of investments, it helps at odd times. Early you start saving, less amount you need for a targeted amount. I am IRDA qualified Adviser, having trained by Premier trainers of TATA-AIG Life to 'conduct financial health check up and investment advise.' Like 'health checkup of human', Financial health check up gives views about soundness of present investments and future needs. I am at disposal of all those who need my services for financial health check up and investment advise. S.K.Kapoor 25263069, 9289590626 3, Sunshine Apartment, A-3, Paschim vihar New Delhi-110063 www.transparentdeals.com Location: India it's ok to contact this poster with services or other commercial interests