good idea mate. in our country too people follow the same kind of saving techniques. They keep there money in form of provident fund, insurance, and what now. its like a culture here to buy or build houses and then give it on rent. 
they want to save from everything they can. but then it really does helps in emergency. 
they want to save from everything they can. but then it really does helps in emergency. Regardless of what your country is, a lot of people use this technique worldwide. There are a lot of people who have invested in real estate and crowded countries like India and China have resulted in good results as people will always need a good place to live and they pay high rent for that. Easy money comes in, no worries at all. That's how the rich keeps getting richer, man.