INSURANCE: ALL YOU NEED TO LOOK FOR A BETTER TOMORROW

  


Have you ever looked at the crowd strolling past you on the streets, some looking happy, some looking anxious and some look tired? People fighting against every odds for their own benefit, some people do it in a very significant manner while some engage in unacceptable rules. 

Before going further, let me start with a short story. When I was 10, my little sister fell down from the stairs and was deeply injured while we were playing hide and seek. I felt like crying seeing her agonizing face shouting in excruciating pain. A few days before that incident our maid was cleaning the room when I noticed a bandage in dirt. I cleaned that soft material and kept it safely. Then I realized how to protect yourself from any sort of future losses while binding the bandage on her knees and the crowd I was talking about has also gone through such incidents sometime in their lives, not everybody but many.

What is indemnity?

Securing yourself with your family against any future losses. Please don’t get puzzled by the word “Indemnity”. It’s the tougher version of the word “Insurance”. It is a financial risk management tool where an insured transfers it potential future loss extenuating the compensation through premium. Most of the Indians doesn’t have any financial information nor they understand why they need insurance and unfortunately they are sold the incorrect ones.

  • First an individual should understand why he/she needs insurance? If an individual is alone and can survive then a mediclaim will be better off but a person with encumbrance definitely needs to buy life insurance.
  • Secondly, the aim is to secure for the beloved ones like your family who can be comfortable in your absence and live without any detriment. Term Insurance is the best option here. 
  • Thirdly, calculation of the amount assured is a vital step as it may leave an individual under-insured. The purpose of buying an insurance will go in vain if this step is not assessed appropriately.
  • Fourthly, people have a lot of options but in order to choose the best one you need advice. Some big financial institutions might compel you for investing but are you sure about landing on the right planet? Even the greatest ideas have failed to deliver sometimes. For tax exemptions, selling of insurance is executed in fraudulency and some insurance agents may mislead you rather than the policy which you need. So for zero risk and the right kind of insurance you need help? Not a Help!! An advice would be excellent. 
So for proficient knowledge contact MoneyMindz. If you are willing to take buy an insurance, we will be obliged to answer you on every details you need.


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