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Financial Planning

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Why Life Insurance is important in financial planning

Financial Planning through Insurance

In the wake of increasing inflation and changing lifestyles, it is imperative for every individual to focus on financial planning at an early stage. A financial plan of an individual should be customised to meet one's individual needs at different stages of life and it is important to have a balanced mix of instruments to address the various needs of protection, savings and wealth creation. It is observed that people tend to focus on the 'wealth creation' aspect of financial planning and the 'protection' element often gets compromised or neglected.



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