RISK MANAGEMENT INSURANCE

RISK MANAGEMENT INSURANCE
Risk management is one of the integral part of financial planning. Needs, the type and amount of insurance or protection of a person depends on the age, assets, income, duration of protection, and other needs. Insurance is basically an easy way to replace the income of people who lost income. Life insurance replaces income when or death of a person is not able to work it needs. Health insurance is used to cover the cost of medicines. Insurance, such as property insurance, pay lost due to theft, fire and accidents. with various types of insurance in the market, a number of decisions and calculations must be made to choose the correct type of insurance.