badge

Recent Articles

Wednesday, May 6, 2015

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.

Pin It Now!

46 comments:

  1. Yes Saru, Better to be safe with term insurance than be sorry later.

    ReplyDelete
  2. Replies
    1. Yeah, it teaches us to be prepared for future.

      Delete
  3. I like the way you weave meaningful story or poem even for product promotion. Hats off to you :)

    ReplyDelete
  4. Life is really unpredictable, we all need to be prepared for any such situations, and most important is to have a financial security.
    Liked your post

    ReplyDelete
  5. Yes tragic incidents alert us .. Great post!

    Ravishing Women

    ReplyDelete
  6. Buying 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..

    ReplyDelete
    Replies
    1. Be prepared, life is very fickle. Thanks for reading, Binu.

      Delete
  7. Nice article and nice message. Important to save for bad times.

    ReplyDelete
  8. Life is a razor edge and I prefer to walk it barefoot...a real fool that I am:(
    Nice article, Saru, for the wise:)

    ReplyDelete
    Replies
    1. Hahaha...
      Means you are poetic even in your life, not only on your blog.

      Delete
  9. 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!

    ReplyDelete
    Replies
    1. Right, it saves many. Thanks for reading Sir.

      Delete
  10. Touching story and thoughtful conclusion.

    ReplyDelete
  11. A 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 ! :(
    Nice article !

    ReplyDelete
    Replies
    1. Sorry for those who can't.

      Thanks for reading Kokila.

      Delete
  12. thanks for sharing the info here.! is this policy available in all the countries?? spare my ignorance :P

    ReplyDelete
  13. Well said Saru- grim reminder but a very valid observation...

    ReplyDelete
  14. True that. The only one who does not need Life Insurance that I know of is moi. No-one is dependent on me.

    ReplyDelete
  15. One needs to be prepared for any contingency since life is so unpredictable.

    ReplyDelete
  16. Nice post.. Securing future is so imp!

    ReplyDelete
  17. Very important in todays day and age to have insurance you never know when we might need it ..

    Bikram's

    ReplyDelete
  18. Who knows what life has in store for us. Save, insure and more importantly be sure to enjoy your today.

    ReplyDelete
  19. Just goes to show that we all need to plan for the future of our family in advance right at the start.

    ReplyDelete
    Replies
    1. Very true and it's the wisest thing one can do for their family.

      Delete
  20. Insurance 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.

    ReplyDelete
    Replies
    1. Yeah, people don't know the finer details. Thanks for reading and sharing your views.

      Delete

This blog breathes on your comments!

Related Posts Plugin for WordPress, Blogger...