Stop Wasting Time and Start Insurance Planning!

Life is unpredictable and uncertain. It is important to invest time wisely so as to provide a buffer to your family members against life’s uncertainties. An insurance policy is your best bet when it comes to providing your family with a financial backup to lead a comparatively stress-free life in your absence. Therefore, stop thinking about it and start acting on your decision to plan your insurance strategy. Buy an Insurance Policy, it is the only way to get protection and financial help for your family.

There are a lot of myths grooming around us, but in the end, the thing matter to us is our family protection is our priority and insurance policy is a way through which you can not only protect your family rather with the help of an insurance policy you can make your dreams come true. Being the only breadwinner for your family, there is a lot of challenges you have to face every day, sometimes things are sorted without spending a single penny but sometimes you have to spend money to sort out the things around you.

But as long as there is life, there is a struggle, and in such a situation it becomes necessary for you that the future of your family should not come into trouble due to any challenge. For the safety of your family and its future, you should look towards the insurance policy, no one knows about the future but playing safe in this game of life is the first rule of the game.

If you need more reasons to be convinced that insurance is like a savior for you, here are some of the major ones:

1. Buffer Against Risk, Buy an Insurance Policy

Insurance is a time-tested financial tool at your disposal that not only proves to be an ideal investment vehicle but also comes in handy in times of emergency. If the breadwinner of the house dies unexpectedly, the whole family is shattered, emotionally and financially. A lump sum amount from an insurance plan can go a long way in providing stability for the distraught family.

Uncertainties are part of our life, and we can’t ignore them. But let’s suppose that, your breadwinner met up any accident, and he is not able to do anything. This news or this incident shakes you as a family, after that you see things changing in the middle. For example – children’s education, family’s future, and some dreams which were yet to be fulfilled. It all ends in one go, and the most irritating thing is that as the breadwinner of your family, you just sit and watch all these responsibilities and dreams come to an end. So, before you get late, hurry up and go and buy an insurance policy to protect your family and their dreams.

2. Lessens Debt Responsibilities

If you have a lot of debt on you including a vehicle loan, home loan, personal loan, etc. you should get a substantial life insurance cover. In case of unfortunate death, with the coverage amount, your dependents can pay off those debts without having to worry about finances. The best insurance plans provide you with extensive coverage to meet your financial needs.

3. Future Goals, Buy an Insurance Policy

While being alive, a lot of planning goes into children’s education, their marriage, house renovations, etc. Sudden death can make everything go haywire. Having a good insurance plan will ensure that none of your dreams and responsibilities will stay unfulfilled, even if you are there or not.

Predicting the future is in our genes, but very few people know that with the help of an insurance policy you can not only achieve your financial goal, but also you will go far away as you think and from your dream. Many times people buy insurance with the intention that in the coming time, with the help of this, they can achieve their future goals, insurance policy is taken to turn these intentions into reality and insurance policy helps you in every possible way. So, Buy an Insurance Policy and make your dream come true.

4. Investment

Insurance planning in India is not only confined to getting a life cover. More and more people are considering insurance also as a savings tool that generates impressive returns over an extended period of time. Whether you get a substantial amount at the date of maturity of the policy or a lump sum in case of unfortunate death, it is a win-win situation for you.

5. Health Benefits, Buy an Insurance Policy

Not everyone can afford the rising cost of health care in the country. Gone are the days of economic treatment; with high-end hospitals making a mark in the country, the cost of getting even basic treatment is going beyond the hands. Having a health insurance policy gives you enough support to ensure you get the best possible medical treatment without having to worry about funds.

Nowadays the way medical rising, sooner poor people can’t afford the right treatment. Good treatment means getting treatment in a private hospital, and after studies, if something expensive has happened in the country, then it’s a medical service. Insurance policy is the only way, with the help of which the doors of private hospitals will also be opened for the poor. Everyone has the right to get the right treatment, but sometimes a person has to go through many paths to get the right and an insurance policy is one of those paths.

6. Avail Loans

Yes, there are certain insurance policies that help you get a loan. You can just use the policy as collateral to raise funds from organized financial markets at an attractive rate of interest. Not only a policy covers you for life, but it also helps you in fulfilling your financial goals.

7. Tax Benefits, Buy an Insurance Policy

These are the most common benefits people buy insurance plans. The Income Tax Act,1961 clearly provides you tax benefits for life insurance under sections 80 C and 10 (10D) and section 80 D for health policies, so that you save money by paying your insurance premiums. The best insurance plans might come with hefty premiums, but these tax benefits can make them affordable.

It is important to understand the urgency of investing in the insurance plan. Time waits for none and the more time you take to make this wise decision, the more you’re exposed to several financial risks. Insurance planning in India was never considered a priority. Things are changing now, and be an informed and responsible individual by choosing the right insurance plan to safeguard the financial interest of your loved ones.