Life, Home, auto, fire are most common forms of insurance that all of us would have heard of. But did you know about these 4 strange instances in which insurance has been used to protect ones assets?

1. Footballer Cristiano Ronaldo has insured his legs for 90 million pounds! 2. ‘Death by coconut falling on head’ is an insurance policy offered by UK based travel agencies! 3. Famous Australian cricketer Merv Hughes insured his moustache for an impressive 225,000 pounds! 4. And finally, did you know that the famous Indian TV show, Kaun Banega Crorepati had an insurance to cover them for the prize money!

These are some crazy insurance policies that are just mind boggling.

Looking at the examples stated above we can see a certain pattern. Almost all the individuals have set aside a significant amount of money that helps to insure their most valuable assets. It is thus very important for us as individuals to identify our most important assets and then allocate the appropriate funds to secure them. In our country, the idea of insurance is just take as another way of investing for the future but we should not making the mistake of using insurance as a tool for investments. We should instead look at it in a way to secure our most valuable assets.

Thinking Man Advice: 1. Identify your most valuable assets and set aside appropriate funds to help insure each of them. 2. Consider insurance to be a tool to secure these assets for future uncertainties rather than use insurance as a tool for investment.

For more such interesting topics that will aid in a successful financial journey, register for our Thinking Man Financial Wellness Programme which is held periodically in Mumbai. Registration Link: http://tbng.co.in/register/