BOOM

Trending Searches

    SUPPORT
    BOOM

    Trending News

      • Fact Check 
        • Fast Check
        • Politics
        • Business
        • Entertainment
        • Social
        • Sports
        • World
      • Law
      • Explainers
      • News 
        • All News
      • Decode 
        • Impact
        • Scamcheck
        • Life
        • Voices
      • Media Buddhi 
        • Digital Buddhi
        • Senior Citizens
        • Videos
      • Web Stories
      • BOOM Research
      • BOOM Labs
      • Deepfake Tracker
      • Videos 
        • Facts Neeti
      • Home-icon
        Home
      • About Us-icon
        About Us
      • Authors-icon
        Authors
      • Team-icon
        Team
      • Careers-icon
        Careers
      • Internship-icon
        Internship
      • Contact Us-icon
        Contact Us
      • Methodology-icon
        Methodology
      • Correction Policy-icon
        Correction Policy
      • Non-Partnership Policy-icon
        Non-Partnership Policy
      • Cookie Policy-icon
        Cookie Policy
      • Grievance Redressal-icon
        Grievance Redressal
      • Republishing Guidelines-icon
        Republishing Guidelines
      • Fact Check-icon
        Fact Check
        Fast Check
        Politics
        Business
        Entertainment
        Social
        Sports
        World
      • Law-icon
        Law
      • Explainers-icon
        Explainers
      • News-icon
        News
        All News
      • Decode-icon
        Decode
        Impact
        Scamcheck
        Life
        Voices
      • Media Buddhi-icon
        Media Buddhi
        Digital Buddhi
        Senior Citizens
        Videos
      • Web Stories-icon
        Web Stories
      • BOOM Research-icon
        BOOM Research
      • BOOM Labs-icon
        BOOM Labs
      • Deepfake Tracker-icon
        Deepfake Tracker
      • Videos-icon
        Videos
        Facts Neeti
      Trending Tags
      TRENDING
      • #Operation Sindoor
      • #Pahalgam Terror Attack
      • #Narendra Modi
      • #Rahul Gandhi
      • #Waqf Amendment Bill
      • #Arvind Kejriwal
      • #Deepfake
      • #Artificial Intelligence
      • Home
      • Business
      • Why You Must Have Life Insurance
      Business

      Why You Must Have Life Insurance

      By - Portia Putatunda |
      Published -  18 Dec 2014 4:42 PM IST
    • Boomlive

      Gaurav Mashruwala, financial advisor and television commentator, explains the importance of insuring the lives of every earning member for the well being of the dependants.

      On Money Makeover, Mashruwala shows you how to get rid of debt, manage your money, spend and save wisely.

      On the fourth episode, he does not talk about life insurance cover plans with attractive low premiums, but he helps you select the best insurance for every pocket and family. Very few people buy life cover as nobody really wants to think about their own death.

      So who needs it? What is a life insurance? Why is it so important?

      Mashruwala says that in case of a death in the family, there are two types of losses—emotional and financial. A life insurance is a must to mitigate the financial loss.

      Amit Sehgal, a 32-year-old musician by profession, is quite confused about the financial planning for his child. So, he turns to Mashruwala for some advice.

      “Do I really need a life cover or shall I just buy a child plan? Shall I just invest in real estate to secure my child’s future?” asks Sehgal

      “If you are the sole breadwinner in the family, without life insurance your loved ones might not be able to fund the mortgage, rent or other day-to-day expenses if you were to die,” Mashruwala points out.

      Tags

      Financial LossGaurav MashruwalaLife InsuranceMoney MakeoverMortgagePersonal financeRent
      Read Full Article
      Next Story
      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker. Please reload after ad blocker is disabled.
      X

      Subscribe to BOOM Newsletters

      👉 No spam, no paywall — but verified insights.

      Please enter a Email Address
      Subscribe for free!

      Stay Ahead of Misinformation!

      Please enter a Email Address
      Subscribe Now🛡️ 100% Privacy Protected | No Spam, Just Facts
      By subscribing, you agree with the Terms & conditions and Privacy Policy connected to the offer

      Thank you for subscribing!

      You’re now part of the BOOM community.

      Or, Subscribe to receive latest news via email
      Subscribed Successfully...
      Copy HTMLHTML is copied!
      There's no data to copy!