All of us have a tendency to start planning for a better future. It is always wise to start investing in the early period of the financial year so that one gets an idea on choosing a tax savings plan. By investing early you also avoid the chances of making decisions in haste. The major mistakes investors make is that they invest just for the sake of availing the tax benefits. While working on tax savings plan always seek for a maximum tax savings, minimum related risk. The cost of investment should also be considerably low so that plan is affordable and also gets you substantial returns.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedgeagainst the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraisingand controlling risk, has evolved as a discrete field of study and practice.