Have you got your Insurance right?

As human beings, we do not like to lose control over situations. However, life has its own unique ways of surprising us. It can go totally against our plans and expectations, sometimes with disastrous consequences. Insurance is a tool that helps us manage the inherent risk associated with life.

There are different types of insurance that enable you to seek protection against damage to life and property. Any risk that can be quantified can be insured, which gives rise to a variety of insurance options like medical insurance, auto insurance, home insurance, unemployment insurance, accident insurance, workers’ compensation, credit insurance, crime insurance, mortgage insurance and so on. These fall under two major categories namely, Life and Non-Life.

 Life insurance policies give a monetary benefit to the insured’s family or any other beneficiary in the event of death, either in lump sum or as annuities. Some life insurance contracts like endowment policies provide investment opportunities through unit-linked funds. Non-life insurance includes all Property & Casualty (P&C) policies. Property insurance buffers against risks to property such as fire, theft or natural disasters.  Casualty insurance includes all other policies like auto and workers compensation.

The range of choices available makes it clear that choosing the right insurance policy is not a simple task. It demands careful analysis of the kind of risks faced by an individual and the types of protection needed. This is where an experienced and reliable financial advisor comes into play. Karvy Private Wealth guides you through the maze of insurance policies and helps you choose what best suits your risk profile.

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