Sailing Through Turbulent Times

Emergencies are an acid test in one’s life. A few years ago, in a tiny hamlet of Darjeeling, a small oil lamp became the cause of a major catastrophy, burning down a portion of the market. The wooden shops and houses stood vulnerable to the flames that engulfed one after another. The residents and shop owners, in a matter of few hours, were left in the lurch, fighting for life. All their valuables and cash were gutted in the inferno. Words fall inadequate to express the emotion facing such turbulent times. If we think of it with a larger horizon in mind, being prepared for such “unforeseen” is a must — think ahead and plan ahead. Being financially safe is a wise step to stay prepared. An emergency fund is parked for immediate requirement to cover expenses that tails along during dire needs. While there are various insurance plans to cover expenses during...