Are you adequately insured?

By Subhash Lakhotia, Tax Guru : CNBC Awaaz, Tax & Investment Consultant

Are you adequately insured? Let this question be asked by every adult income-tax payer in his family. I would like every tax payer to take care of securing his family during the year against calamity. One of the best way to protect the family is to adequately insure all the family members.  It is time now for you not just to count your Life Insurance Policies for different members in the family but to sit down and ponder whether all the family members are adequately insured. In most cases I am sure the answer that will come in conclusion would be that most of the family members are not adequately insured. Hence, during the year 2013 please take a call to answer the question whether you and your family members are adequately insured.  Do not forget to take an insurance policy for your dear loving daughter too.  

The author is Tax and Investment Consultant at New Delhi for last 40 years.  He is also Director of M/s R.N. Lakhotia & Associates LLP & The Strategy Group.E-mail : slakhotia@airtelmail.in