Every individual engaged in business in India knows the value of making hay while the sun shines. They realise that investments should be made while the inflow of money is high. Those investments will one day come of use in a time of need, when the inflow of money is low or when business is badly affected due to factors beyond one’s control. In essence, they realise the value of short-term investments.

Just a few years ago, no one had heard of term insurance plans. Similarly, just a few decades ago, health insurance did not enjoy the popularity it does today with the urban Indian householder.

A good portion of corporate companies operating in India offer Corporate or Group Health Insurance as a benefit along with salary. There is nothing wrong with going for these plans. What IS wrong, though, is relying solely on these plans for your Health Insurance needs.

Many Indians still treat the topic of planning for one’s family’s finances in the case of their unfortunate demise a taboo subject. Planning for and discussing this topic makes us uncomfortable even today.