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