Harshvardhan Roongta, CFP at Roongta Securities, delivered a sharp reality check, noting that insurance is the first step of wealth creation because you are one hospitalisation away from bankruptcy. (Image source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Insurance is the fundamental first step of wealth creation, yet most Indian families are “one hospitalisation away from bankruptcy” according to Harshvarshan Roongta, Chief financial planner at Roongta Securities. This can be due to inadequate coverage, necessitating a market ecosystem overhaul to boost penetration, according to insurance experts speaking at the NDTV Profit Ignite Conclave.

Harshvardhan Roongta, CFP at Roongta Securities, delivered a sharp reality check, noting that “insurance is the f

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