Adding Lifeline To My Life
Three years back when one of my friends lost her husband in a tragic car accident, reality dawned upon all of us. Is life that fragile and unpredictable? It can take an unexpected turn and in the blink of an eye, life falls like a deck of cards. She was newlywed and pregnant with no financial security. There was no one to support her and the unborn child. Her situation was a learning lesson for all of her friends - married or single. We took stock of things and started planning our future on a very serious note.
All of us talked about our financial independence and vowed never to leave our jobs. Not only that, we started planning - saving for emergencies, investing for future obligations and searching for a good life insurance policy. All of us were quite negligent on the products available in the insurance market. We only knew couple of old insurance brands from our parents, but none of them offered what we were looking for. Our requirements were very specific and when we searched we found that there are flood of insurance policies in the market, which led to more confusion. If one policy offered a good return, it’s tenure was too high and if we compromised on tenure, the policy came with too many conditions. In short, we didn’t get what we wanted. I don’t know about others, but I took the basic life insurance policy from one company and my husband opted for a retirement plan from another. Recently, I stumbled upon Edelweiss Tokio Life Insurance website and I got to know the various aspects of insurance. Also, I found out exactly what I was looking for a couple of years back. It’s way better than the life insurance I have. Edelweiss Tokio Life - MyLife+ - a term insurance policy that has minimum conditions with maximum benefits for all age groups and tenure.
Here’s a look at its features -
Since the features are flexible and benefits are tempting, I couldn’t resist from getting a quote. First step was some basic questions - date of birth, gender, lifestyle and income. Second step asked for your goals and needs - benefit type, sum assured, cover term and payment frequency. This step actually answered those concerns which my earlier policy couldn’t. And as soon as I filled these questions and pressed proceed, I got a detailed life insurance quote. When I saw the annual premium for my target insurance amount, I was happily surprised. I fuss and stress a lot about future which if insured through a good company is just few bucks away. It looks like a tiny amount to secure our future and to be prepared for all contingencies. A simple and easy way to get peace of mind.
Now I am planning to buy this policy and suggest it to my near and dears. For all of you - analyze your insurance needs and secure your future with Edelweiss Tokio Life - MyLife+. And as far as my friend is concerned, she is working and is financially secure.
Yes Saru, Better to be safe with term insurance than be sorry later.
ReplyDeleteTrue that, Somali.
DeleteA sad but inspiring post.
ReplyDeleteYeah, it teaches us to be prepared for future.
Deletesimple and nice :)
ReplyDeleteI like the way you weave meaningful story or poem even for product promotion. Hats off to you :)
ReplyDeleteThank you, thank you :)
DeleteLife is really unpredictable, we all need to be prepared for any such situations, and most important is to have a financial security.
ReplyDeleteLiked your post
Yes, financial security is a must.
DeleteYes tragic incidents alert us .. Great post!
ReplyDeleteRavishing Women
Yes, they do. Thanks for reading.
DeleteBuying insurance is one of the big decisions to make as a working professional. Its unfortunate that many of us are forced to experience pain and loss to finally realize that we need to seek financial independence of the people we leave behind.. The plan you are referring to, seems to be a good plan. Think I need to explore that option.. Thanks Saru..
ReplyDeleteBe prepared, life is very fickle. Thanks for reading, Binu.
DeleteNice article and nice message. Important to save for bad times.
ReplyDeleteIndeed. Thanks for reading Sir.
DeleteLife is a razor edge and I prefer to walk it barefoot...a real fool that I am:(
ReplyDeleteNice article, Saru, for the wise:)
Hahaha...
DeleteMeans you are poetic even in your life, not only on your blog.
Rightly said.... Insurance forever is a great safeguard in our life as here the burden of misfortune of one is shared by all those members of the Group who are fortunate in the situation not be hit by the mishap... A Timely Post!
ReplyDeleteRight, it saves many. Thanks for reading Sir.
DeleteTouching story and thoughtful conclusion.
ReplyDeleteThank you!
DeleteA totally real situation Saru .. Insurance is a must . I guess almost everyone must be having a personal experience of this kind ... though I know some who are not aware and a handful who can not ! :(
ReplyDeleteNice article !
Sorry for those who can't.
DeleteThanks for reading Kokila.
thanks for sharing the info here.! is this policy available in all the countries?? spare my ignorance :P
ReplyDeleteThis one is available in India.
DeleteWell said Saru- grim reminder but a very valid observation...
ReplyDeleteSome situations are life altering.
DeleteTrue that. The only one who does not need Life Insurance that I know of is moi. No-one is dependent on me.
ReplyDeleteHehehe... Same here...
DeleteOne needs to be prepared for any contingency since life is so unpredictable.
ReplyDeleteTrue that!
DeleteYes, this is a must now.
ReplyDeleteTotally!
DeleteNice post.. Securing future is so imp!
ReplyDeleteIt is indeed...
DeleteVery important in todays day and age to have insurance you never know when we might need it ..
ReplyDeleteBikram's
Very true!
DeleteWho knows what life has in store for us. Save, insure and more importantly be sure to enjoy your today.
ReplyDeleteVery true.
Deletesweet & catchy post.. Will be considering Edelweiss.
ReplyDeleteThey have great plans.
DeleteJust goes to show that we all need to plan for the future of our family in advance right at the start.
ReplyDeleteVery true and it's the wisest thing one can do for their family.
DeleteInsurance is very important, this we all know. But you will be surprised to know that still today many people do not know how it works. I have seen people who will say "I love my wife so am planning to take a policy on her name'. Look at the irony of this statement - if you want to secure someone's future, you don't have to take policy on their name. Rather, take it on your name (the person who is the bread-earner) and make the dependents as beneficiaries of that policy. This is mostly true with the businessmen and not salaried ones.
ReplyDeleteYeah, people don't know the finer details. Thanks for reading and sharing your views.
Delete