I am getting married soon. Is there a policy I can take that covers all risks?
Suresh Nair, Kochi
Congratulations on the occasion of getting married. However, none of the insurance companies issue any one policy that can take care of all the risks of life. Therefore, you may have to choose a combination of different policies that suit your risk profile. A basic health insurance cover is recommended to start, to which you can add life cover before you get married. For this, you may buy a pure risk cover, which is known as a term policy in insurance parlance. If your would-be spouse is also working, you may get her a similar cover. In addition, you can go for a critical illness cover. The term and the amount to be insured would depend on your risk bearing capacity as well as your premium paying capacity.
