Key idea
A safety net only works if your family can find it. Scattered policies and unknown accounts are a crisis waiting to happen.
You can hold perfect insurance, correct nominees, and a valid will, and still leave your family stranded if none of it can be located. Organising your financial life into one findable system is the step that ties the whole domain together.
What to gather in one place
- Bank and investment accounts: where they are, and account details.
- Insurance policies: health, term, and others, with policy numbers.
- EPF, NPS, PPF: account and UAN details.
- Loans and liabilities: what is owed, and to whom.
- Nominees and the will: where the will is kept.
- Key logins: how to access things (stored safely).
The test that matters
This does not need to be elaborate. A single organised document or folder, kept current and known to one trusted person, is enough.
Finished reading?
Marking this complete counts today, and your streak becomes day 1.