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FOUR BEST THINGS ABOUT INSURANCE


It is said that Insurance is about playing defence, when your assets are an offense!

How true.

We all know that both the defence and the offense of a team have to be strong in a team, in win the game. Here are the six best things about insurance, and why you should get one ASAP.

1.       Risk Cover

We live in a world that’s filled with uncertainties. With both mortal and financial danger lurking in each and every corner that we come across, it is only justifiable that you take insurance cover to make yourself immune against these threats and dangers. Insurances cover you and your loved ones against risk.

2.       Great Tool for Planning Life

Your kid wants to be a Scientist. But you and your spouse are working in an average paying job, that you fear you may not be able to afford your child’s dream. Or consider an alternate scenario where you want to buy a house or even have a comfortable retirement.

It doesn’t matter what your goals are, but insurance will help you cover your life as well as save for these goals according to your lifestyle and the estimated risk involved.  

3.       Healthcare

Going to the hospital – especially in case of accidents and terminal illnesses can be emotionally demanding, but they can also drain your wealth or put you in a crises. Having health insurance plans that offer the benefits of protection against critical diseases and hospitalization expenses will ensure that your health is financially covered.

4.       Income

Life insurances are a sure way to have assured income – especially through annuities.  The money saved during the earning life span will now provide a steady source of income during the retired phase of life.

Insurances also provide tax benefits, and can be a great tool to cover mortgages and loans.

What’s more, insurances provide economic growth without taking the investment risk, through the annual announcement of dividends and bonuses.


Posted by

Balakarthiga



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