Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
Financial Planning is process of framing objectives, policies, procedures, programes and budgets regarding the financial activities of a concern.
An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
Tax planning is the analysis of a financial situation or plan from a tax perspective. Reduction of tax liability the ability to contribute to future plans are crucial for success.