Sir, I have just started out as SBI PO. Can you give some advice regarding the insurance and investment avenues a youngster like me should take care of in the beginning?
To be frank if NO ONE is financially dependent on you, then you no need to go for life insurance. However, you must have health and accidental insurance (if your employer not providing the same). Hope this is understandable for your all types of insurance requests.
Regarding investments, you must identify the goals and time horizon. Based on that you have to start investing.
First of all congratulations to you. Regarding your doubt, it is hard for me to guide by mere two lines of sharing from your end. Can you elaborate more?
Thank You. I meant should I opt for a term insurance right now? And any other insurance schemes like health insurance. Plus the basic guidelines to arrive at the best option among the multitudes at offer under such schemes.