Take this quiz and find out.
1.
I use insurance to get tax breaks.
Yes
No
2.
I use insurance for investment.
Yes
No
3.
I use insurance only to secure my family’s financial future.
Yes
No
4.
Even if I die tomorrow, my family will be financially okay.
Yes
No
5.
If I get sued for professional negligence, I’ll have to dip into my savings to settle.
Yes
No
6.
I know exactly how much insurance I have.
Yes
No
7.
If I met with an accident tomorrow and couldn’t work for a year, my insurance will take care of my survival needs.
Yes
No
8.
I have medical insurance.
Yes
No
9.
I know the difference between ‘term’, ‘endowment’ and ‘whole life’ policies.
Yes
No
10.
I know the difference between ‘indemnity’ value and ‘replacement’ value in property insurance.
Yes
No
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