..Because I’m single
Young and single is often synonymous with carefree. However, there is a very thin line between carefree and careless, and young professionals often tend to drift towards the latter in view of the little responsibility they have. Hence, they don’t feel the need to secure themselves with an insurance policy, deeming it a safety tool for the older generation only.
Life is unpredictable for everyone, young and old. Take your new financial independence as a motivation to keep meeting all your requisites, even when the chips are down. Your policy will pay off all your debts like student, motor vehicle or personal loan, and will also cover sudden medical emergencies and funeral. Protect your parents/guardian from such burdensome expenses.
..Because I have corporate insurance
An employer-offered life insurance policy is often seen as the cape, to avoid putting in any effort to secure one’s life and still enjoy a protection plan. However, not many realize that this insurance equals only 1 – 4 times of your annual salary (depending on the company), and is likely to fall short if need arises. Moreover, when you leave your job, you also leave your life insurance.
Buy your individual insurance policy that will serve as a power booster for your corporate plan. Here, you can personalize the plan according to your financial needs.
..Because I’m a stay-at-home parent
You are not the breadwinner of the family, but you are the bread-bearer. A stay-at-home parent is not about luxuriating in the comforts of one’s home, it’s about making life function, where money is just a part of it. Home-maintenance, child-care, daily transportation and household chores are just a few things to mention, which will cost a good amount if you are no more around.
Your insurance aid will not only cover these unforeseen expenses, but also give your partner the opportunity to take time-off from work and help the family adjust to the loss.
..Because I’m healthy
Lifestyle diseases and growing rate of accidents seem like only a few news pieces on a website, until you face it yourself—realize that they are real. In addition, no matter how cautious we are, life sometimes has plans for us that we don’t understand; who would’ve thought that the ever shining sportsman of India, Yuvraj Singh, would be hit by the ravages of cancer.
We can only fulfil our share of responsibility, and a life insurance policy will help you do the same.
..Because I have a comfortable amount of savings
If your savings translate to non-liquid commodities like real-estate, jewellery or share in a business, they won’t serve as an asset during an immediate need. An insurance, thus, serves as an ideal medium for ready-cash.
don’t need life insurance