Importance of opting for insurance

Financial security in Pakistan is no longer determined by how much you earn, but by how well you can absorb shocks. Pakistan’s weekly Sensitive Price Index (CPI) inflation was recorded at 9.12pc in the most recent reported week. For an ordinary consumer, this is a significant number. To put it into perspective, with a monthly salary of Rs100,000, an average household spends about 60 per cent of its income on essentials like food, utilities and transport. So, items that originally cost Rs60,00...

By none@none.com (Ali Javed)