These days people are interested in various investments namely; real estate comprising of individual houses, apartments, flats, villas, bungalows, official establishments, shops, lands and plots; deposits with banks and financial institutions under various schemes; metals like palladium, platinum, silver and gold; different types of insurance schemes and many more.

Each investment carries with it certain amount of risk and security and when it comes to insurance schemes, they in fact provide security for life apart from sufficient financial returns. There are many types of insurance schemes suiting to the various requirements namely; education, health, children's education, life, accident etc.,  Apart from the above various schemes are made available by established insurance companies like compare income protection, total disability insurance, trauma insurance, keyman insurance, group insurance, business insurance and many more.Some investors prefer insurance schemes for the purpose of tax planning and in many countries, investments in insurance schemes are eligible for relief as per income tax rules and when it comes to tax planning, it is the responsibility of the investors to identify a suitable financial planner, which is most suitable for them and in case of requirements they can very well get the required information from their friends, relatives or insurance advisors. Family members who understand the implications can also be involved in the insurance programs and a definite deadline is essential for each investments including income protection insurance. It is a good habit in writing down the details of all investments so that they are regularly followed up and people should stick to the plans under all circumstances.

In fact certain insurance schemes require periodical remittances namely; monthly, quarterly; half yearly or yearly and in some countries they call it insurance premium and care should be exercised while investing in schemes like compare income protection.According to the various statistics available in regard to various insurance schemes the following information is made available:

A person with low risk profile is willing to invest in a fund or policy that normally carries high risk; some people are found to be investing in a new policy every year without understanding that paying the yearly premium for a policy in the earlier years also quality for tax relief; some buy policies that give low return whereas the agent gets a flat commission; some are found to invest in multiple products and aggregate sum invested is found to be more than what is required to get the maximum benefit for tax purposes. The above information is simply illustrative and not exhaustive and the investors should have clear cut ideas while investing in insurance schemes like insurance protection insurance and many more.