Insurance - to go for it or not?!

Insurance…Certainly nor your idea of a fun or interesting topic right? Spend the next five minutes reading this and we’ll change the way you think, and that’s a guarantee!

Many consider insurance a necessary evil. Agreed that it’s absolutely necessary but why call it an evil? Just because it takes a small part of your income every year? Imagine this…a man works hard all his life, leads a comfortable life and puts away that little extra for his old age. Boom! One day he has an accident and all his plans go haywire. His savings are drained by the heavy medical bills, his life’s work blown up in a matter of days! Had he invested in a good medical insurance, all his bills would have been paid and his savings been intact. You decide which is the better option!

Convinced? Not yet? Ok, imagine the sole breadwinner of the family suddenly dies in an accident. What will happen to his wife, his young children? Life insurance will ensure that they have enough to pull them through the rough times.

There are no guarantees in life. What is most important to you? Your health, the well being of your family, your house, car and other possessions. You need to make sure that nothing ever happens to them, and if it does, then you have back-up. That is what insurance is all about: It’s your back-up plan when things go wrong!

There are various types of insurance policies for your different needs :

Life Insurance: It is essential if you are the primary wage earner of the family. And, if you aren’t, it is important as it can shoulder a part of the financial burden in case of death.

Health Insurance: For unforeseen emergencies, health or medical insurance is a boon. Medical expenses are staggering and can financially cripple a person.

Car Insurance: Your car is important to you and you’ve spent a good part of your savings to buy it. Imagine it were stolen or had an accident. Car insurance will cover all costs of repairs or even replace it with a brand new one.

Property Insurance: It provides protection against risks to your property, such as fire, theft or weather damage.

Travel Insurance: This is necessary especially when traveling abroad. It covers losses like medical expenses, loss of personal belongings, travel delays etc.

Insurance is all about protection against ill-fated events. In case of unfortunate incidents, insurance comes to your rescue. And come to think of it, it doesn’t cost much more than your daily cup of coffee!

Gone are the times when people believed insurance was a rip-off, today it is an essential financial service. A small part of your salary every month will go a long way in ensuring your mental peace in times of trouble and may even save you from bankruptcy. So, if you are still asking whether you need insurance, the answer is a definite resounding YES!!

Check out the rest of our web site for more information on different types of insurance!