Rand Robison : Most people are so intent on investing and building assets that they forget to cover their risks. Since it’s crucial to secure your family and finances by creating an adequate insurance portfolio, this is the second constant that does not change with time. A majority of the people buy insurance to save tax and as an investment, with life insurance the second most favoured investment destination after fixed deposits, accounting for 25% of the wealth of small investors. However, it’s important that you don’t mix your insurance and invesments. The base of your insurance pyramid should comprise pure protection plans.