To protect yourself and your family from any kind of uncertain or unforeseen situation that may come up in the future, you definitely need to have an insurance. Insurance is one of the most important step to protect yourself from financial risks. By paying a small amount of premium, you are transferring your financial risks to the insurance company. It can also act as a tax-saving tool to reduce your tax burden.
The four main avenues of investment are Mutual Fund, Equity (or Stock Market), Real Estate and Gold. As per your