When we are young, are needs are mostly simple and taken care of by our parents and family members. However, as adults, our responsibility is our own as we are fully capable of doing so. With age, there are a number of health and financial issues that can crop up. These issues are of primary concern, as provisions need to be made in light of such a scenario arising. This is the reason why insurance policies are given so much importance, be it for life, health, asset insurance or education insurance for your children and their future needs.