INSURANCE FOR ASSURANCE,
Why should anybody go for insurance ?
Today life and it's events have become uncertain to the highest levels. The requirements and challenges are touching their heights, thus lies the need of being insured for future expenditures and untoward. People are becoming aware of the assurances provided by insurance. Though the real essence of it has not been totally imbibed by the mass, insurance is not an unknown word in the investment and contingency arena.
Is Family’s Health your Top most Priority ?
The insurance policies which are high on priority are health insurance cover for your entire family. Now a days health expenses are sky rocketing, which makes it difficult for a common man to take care of family’s health needs. Here, a family health plan comes handy.
Few Good Health Insurance Plans:
1) LIC Jeevan Arogya for your entire family, including the extended.
2) ICICI Lombard Family Protect Premier is a good choice for family umbrella of health.
3) Aegon Religare Health Plan also provides you with some really worthy features.
How Important is your Child’s Future ?
Very Important I suppose, so next comes your child’s future higher education, marriage and other financial demands of life. Since the premiums paid for these plans do not weigh on your pocket and your 50% problems are taken care of, its not at all a bad idea to go for A Child’s Future Plan.
Best Child’s Plans:
1) Future Generali Child Benefit Plan gives your child wings to fly by 18 years of age.
2) Max New York Life provides varied plans for your kid, depending on his or her future aspirations.
3) LIC Jeevan Anurag is a good future benefit plan for your child.
What about Your Life after Retirement ?
We all want a financially secure life after retirement, be it at 40, 50 or 60 years of age. Its after all your choice to decide upon the age at which to hang the boots. Then, it depends on the kind of security arrangements done by you, Right ?
Suitable Plans for Life:
1) LIC Jeevan Anand provides you the benefit of both pension as well as life cover plan.
2) ICICI Prudential Life Link Super Pension Plan is basically meant for providing pension after retirement and wealth creation as well. Over here you can pay a lump sum one time payment rather than premiums for extended period of time. It is a unit linked plan (ULIP).
3) HDFC Life Classic Pension Insurance Plan is a plan for customized regular monthly pension and life cover much like traditional life insurance.
Other few companies in this field are Bharti AXA Life, Birla Sun Life and SBI Life
Disability, the most debilitating, No ?
A chill runs through our spines the moment we hear this word, but it can be a fact of life for any of us. Disability can be by birth or accidental where in a person is debilitated for a span of time or life long. Thus, it’s the most necessary insurance to be done in life, especially for the Key Earner of the family. It could be provided by the employer or can be bought personally.
Some of the Good Policies:
1) Met Life Individual Disability Income Insurance is one of the best ones available.
2) LIC Endowment Assurance Policy has included sudden disability benefits in this plan.
3) National Insurance Company’s Personal Accident Policy gives lump some amount on accidental disabilities.
Can you avoid your Nest called Home ?
Home policy secures your house structure and its inner belongings against natural as well as man-made disasters. What else anyone needs in the times full of calamities ?
The leaders in this area:
1) National Insurance Company Householders Policy is a security guard for your home when you are in or out.
2) ICICI Lombard Home Insurance keeps your home secure as well.
3) Royal Sundaram Home Shield is also a good option.
How can you forget your Vehicle ?
An important and valuable part of your daily life thus, needs to be protected against theft and damages of all kinds.
Vehicle Insurance Specialists:
1) ICICI Lombard Car and Two Wheeler Insurance is a well wisher of your vehicles.
2) National Insurance Company Car and Two Wheeler Motor Policy is a good policy provider for two wheeler.
3) New India Assurance Car and Two Wheeler Motor Policy provides decent service.
Who will be your caretaker while Traveling ?
Travel Insurance is gaining popularity in recent times due to hassle free traveling experience. It takes care of your all untoward incidences that can occur and sour the trip.
Best ones to serve you:
1) Tata AIG Travel Insurance is the leader in all sorts of traveling done.
2) ICICI Lombard Overseas Travel Insurance is good when traveling abroad.
3) Future Generali Travel Suraksha is also for foreign trips.
Forgotten your Business, Factory and Machinery or what ?
If you own a business with any kind of infrastructure, then it is pertinent to insure them. Be it furniture, computer, building, machinery or employees.
Insurance Companies in Industrial sector:
1) National Insurance Company is the leader in catering to the various needs of the industrial and business sector.
2) New India Assurance Co. Ltd. comes next in these kinds of insurance providence.
3) ICICI Lombard Industrial Insurance Policy also can not be ruled out.
Important Points to keep in mind before taking any Insurance Policy:
· Is it serving your purpose ?
· Premium payment schedule and amount are congenial for you or not ?
· If by chance you happen to default upon premium payment, for a while or permanently, then what ?
· If it is a Unit Linked Plan (ULIP), are you ready to take the risk of market fluctuations ?
· Are you thinking on your own or going on agent’s words ?
· Have you read the Terms and Conditions of the Policy minutely ?
God forbid everyone from being in need of insurance money, let it only be a psychological and moral support for all of us.
With these words, I am open to all comments and queries…
