“Tum Term Insurance Lena Bhul Gaye, Ab GharKa Kharcha Kaise Chalega”
Quote from one of the recent TV Ad campaign on “Term Insurance Cover”; a lady is seen cursing her dead husband, on not buying a “Term Insurance Policy”, even though they (both) had decided to start same.
We Indians (I’m also included), believe in the fact that “Accidents” or “Death” is a wrong word and one should not get involved with same, in any context. Therefore, buying a policy to cover only death, that too without money-back, makes no sense 😉
Term insurance is a hedge to one’s life;in-short, it’s one of the most important financial instrument, which an individual must have, once he/she gets married or supports a family(before even starting other investments).
Accidents or Death;do not come with an invitation, or one can predict, plan & foresee same.
We don’t think twice to buy the latest smart phone on EMI’s thru credit card… then why we cannot buy a term plan?
Therefore, STOP saying that I don’t have saving’s, or I’ll do it later. Do it Now.
Disclaimer: Insurance is a subject matter of solicitation.