People, especially youngsters have a very negative feeling about insurance. They look at the very low interest yield and avoid taking adequate insurance cover for them and their dependents. What they need to look at is the financial support your family will get when something untoward happens to you.

At the end of the day, human life is full of mystery, and you can collapse anytime without any notice.

And for the small premium you have paid for few years, your family ends up getting a big financial support which would not have been available without insurance.

Also there is another big advantage for the economy when you subscribe to insurance. For all the basic amenities like water supplies, electricity supplies and road construction, major funding is done by the insurance companies. These companies subscribe to various government bonds issued to fund these activities.

So go ahead and ensure adequate insurance cover for you and your family.