| 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 well change the way you think, and thats a guarantee!
Many consider insurance a necessary evil. Agreed that its 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 lifes 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: Its 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 arent, 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 youve 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 doesnt 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!!
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web site for more information on different types of insurance! |