Insurance.. Are you in or out?

Yes, i get the medical insurance part as we really need it in the futur.. My job atm have a good medical package so i am not getting one atm.

@rona07 ..I do not have kids and other responsibilities so life insurance is something I do not need. But I see enough justification for that as well. As a thumb rule...I wouldn't spend more than 5 to 7 percent of my annual income towards insurances because that is when it ceases to be profitable I think. And within that...medical insurance to be reviewed each year based on going rates of the hospital rooms, etc. and cover to be kept at twice that. The moment it slips below twice, buy more cover. Therefore, a ten days cost at hospital with today's costs would be 1000000 INR...I have cover of 3000000. I can wait till that cost increases to 1500000 INR to buy another health insurance cover kind. Agreed it would seem expensive, but if discounted value of money is considered it seems reasonable enough.

Yep. That is what im talking about.. Sorry i forgot to mention it..