Risk management is key to everybody's life.
In that aspect, an earning person of a family must have a term life insurance. Most of the insurance companies try to sell money back or investment related insurance plans. But one but be aware that , we should not mix investments with Insurance. Insurance is purely for the risk management in life. The returns associated with insurance products wont beat the inflation or the long-term market returns.
His/Her entire family must have health insurance. Even if the person has company sponsored health insurance, the person must take their own health insurance, so that when in job loss or not working anymore, the person can have the health insurance covering the emergency medical expenses.
Every individual should opt for term life insurance, health insurance.
