War-like crises, economic shocks, climate extremes, and some other events remain far beyond anyone's control. But financial preparedness? That's firmly within reach. And in today's digitised world, it's non-negotiable.
If there's one safety net you build immediately, it's insurance. You can't control when it rains, but you can decide whether you want to get wet or not. That's the real essence of protection, not forecasting risk, but preparing for its inevitability.
Term life insurance comes first. If you haven't bought a plan yet, the time is now. No delay. These policies typically activate as soon as purchased. For those who already hold a plan, experts recommend a periodic review. Most suggest a sum assured that's no less than ten times one's annual salary. Inflation, rising living costs, and dependents' future needs demand a policy that evolves with life.
Equally critical is health insurance. An employer's policy won't always suffice; gaps often emerge in coverage, claims processing, or continuity after job switches. An individual or family floater policy bridges that uncertainty. But a policy in name alone isn't enough. The fine print exclusions, sub-limits, waiting periods matters. Revisit even existing policies. Don't wait for illness or an emergency to find out what's missing.
In uncertain times, the greatest power is choice. Choose to secure yourself, choose to read the terms, and choose action over regret.
