May 2, 2009

Money Teaser (#1): Which is the most important Insurance Cover you require?

From time to time, I’ll be asking you a few money teasers to allow you to actively participate in the discussion and debate on the money matters by putting forth your personal views.

Here is the first money teaser:

Which is the most important insurance cover you require? Why?

In my earlier post -- Term Plans: The Most Amazing Fact about Life Insurance, I’ve pointed out the importance & significance of term insurance plans. However, there is an insurance cover which is even more important than pure-risk life insurance cover.

Now, I would like you to answer: Which is that insurance cover and why is it more important than a life cover? The best two or three answers will get a special mention on this blog. So, start airing your thoughts in the comment section by answering this question. Best of luck!

UPDATE (20 June 2009): There was only one answer to this money teaser which was incorrect. For correct answer, check out: 5 Common Myths about Life Insurance.

Also see:

1. Health / Mediclaim Insurance - 10 Practical Tips

2. Understanding Life Insurance - Ask Yourself a Few Questions

3. Most Amazing Fact about Life Insurance

4. Second Money Teaser: Tax Rates


  1. Dear Fisher

    I believe a Health insurance cover is a must. Equally important is a Disability benefits cover (- a rider to life cover?).

    Can't really explain well why these are important!. Also I am not so sure if they are more than a life cover, as well. I would put all these more or less at the same level.


  2. Joe,

    Yours was the only answer. Sorry, you could not make it. Anyhow, thanks for trying.


You’re welcome to post a comment if you’d like to air your views, or if you’ve any further question to ask, but please stick to the topic and don’t forget to write your name.