Insurance & Asset Protection
Monetary values attached to Human Life & Assets provides for appropriate protection so as to maintain the processes attached to them.
For Assets, Protection is in the form of Substituting the assets so as to maintain their utility till their life cycle.
For Human Life, Protection is in form of provisioning towards Financial Goals of Dependents. Here, the tenure of protection should be equivalent to tenure of Financial Goals. One should make sure to maintain the equilibrium between Over insurance & under insurance.
Following are the tools involved in the protection process.
|Asset Protection||human lifeinsurance|
|Vehicle Insurance||Term Insurance|
|Home Insurance||Health Insurance|
|Office Insurance||Disability Insurance|
|Machinery/ Equipment Insurance||Indemnity Insurance|