Planning Your Investments That Meet Your Needs
You as an Individual and your family face many risks - risks to life, health, income and property. Risk management involves the following steps:
- Minimize, monitor, and control the probability and/or impact of unfortunate events
Once risks are identified, assessed and you may adopt following techniques to manage the risks:
Risk sharing through insurance is one of the most frequently adopted techniques to manage the risk. This method is also economical.
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