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    Investment or insurance: Which is important in financial planning?

    Investment or insurance: Which is important in financial planning?
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    By CNBCTV18.com Contributor Nov 24, 2021 3:56:56 PM IST (Updated)

    Financial planning helps in managing money wisely, getting risks covered, tax exemptions and getting rid of debt quickly.

    What has the pandemic taught us universally? 1. Things can go upside down quickly 2. Focus on your health.

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    Over the pandemic, unprecedented incidents and uncertainty in income have urged people to secure money smartly to avoid instability.
    The landscape of insurance and investment has changed. The growing middle class and young population coupled with increasing financial knowledge have put the spotlight on insurance, emergency funds and investment as a part of financial planning.
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