Protection Planning

Protection Planning can be better explained as Risk Management also.

Protection planning is done to safeguard the future and also ensure financial protection of your family members from unexpected events.

It involves taking various insurance covers based on the client profile like life cover, health insurance, critical illness cover, disability cover etc. E.g.

A Health Insurance policy can be used to pay for the hospitalization expenses in case any of the family member needs to be hospitalized in case of illness.

Similarly, a life cover is required to ensure protection against loss of income if the earning member of the family is no more.

A financial advisor helps you to assess the required protection plans needed to protect the person and his family members