When it comes to insurance, there is still confusion about how many insurance policies one should avail. Insurance is beneficial in case of any mishap. It saves you from bearing all the cost while some of them like retirement benefit claims to pay a lump-sum amount.

While nobody denies the importance of insurance, the question still arises as to which one to avail and which one to ignore. When you accept an insurance plan, you must pay a certain amount after every cycle. Too much future insurance will risk your present.

So, in this article we will talk about the top five insurance policies for everyone. As you read forward you will know that these are top insurance and you might not need any else. Let us start with the most important.

1.Life Insurance

Life insurance is perhaps the most important insurance that you must avail. All of us have family stories where a loved one dies suddenly due to an accident or disease. If they have life insurance things become easier for loved ones.

If you are a sole bread earner of your family, you must avail of it. The amount of this insurance will prove very helpful for your parents, spouse, and children.

2.Disability insurance

Many people ignore this policy as no one wants to think about it. We hope for the best and consider that nothing will happen to us. However, no one knows the future. In case of any permanent disability, in case of an accident or disease, you need some amount.

You can use this amount both for your meditation and for your family. So, permanent disability insurance is the one that everyone must avail.

3.Health insurance

After disability, equally important is to avail health insurance. We know that hospital charges are very high in most countries. Many people can’t afford their medical bills. In this case, health insurance will save your family and keep you within your budget.

When you avail health insurance make sure to read all the terms. Even a slight condition will make a huge difference.

So read the whole terms and get the best insurance that will serve you. A quick tip is to avail insurance related to your family disease. You expect it in the future and must remain ready for it.