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Financial planning is crucial in retirement because it helps one identify the sources of
income and expenses and establishes your retirement budget or a cash flow based on
your personal plan. You also plan for a lifestyle you want to lead post retirement. It
becomes critical for those who work in private organisations or those who do not have any
pension unlike state / central government organisations.

A good health insurance policy for yourself and your family is important in the current
scenario, when medical care is expensive, especially in the private sector. Hospitalisation
can really deplete your hard earned savings and can derail your finances. It will become
even tough, if the family bread winner, who brings in the money, is now in a hospital bed.

Term insurance is the most affordable form of insurance, which provides maximum sum
assured at lowest possible premium. A term insurance addresses the basic concept of
insurance to provide financial support and reduce uncertainties in business and human
life. It provides safety and security against particular event. There is always a fear of
sudden loss. Term Insurance provides a cover against any sudden loss.
Insurance contracts also require that both parties act with the utmost good faith.