Tag Archive | "Life Insurance"

The Most Horrible Day of My Life

  • Easypolicy
  • 26 Oct 2016

Life offers a mix of happy moments and sad ones. Like change of seasons happiness and distress keep following one another. There are some days that offer such intense moments that both mind and intelligence succumb together. One such day came in my life; it was winter of 2nd December, 2011. I was having dinner with my family after a taxing day at work. Suddenly, the phone rang and at the other side of the call was my sister-in-law; she was crying and told me that my elder brother had passed away. I was shocked and the receiver fell from my hand. I reached his house as fast as I could; upon reaching there I consoled my family. When things were normal, I asked my sister-in-law whether bhaiya had any life insurance, to my utter dismay he hadn’t. He was only 40 and succumbed to a sudden cardiac arrest.

He was survived by his homemaker wife and a school going son. That typical tension was evident on bhabhi’s face that how would they meet ends, the savings won’t last for long. My elder brother was an engineer and was earning a good salary; his family was used to a decent standard of living, now the circumstances had taken a dramatic shift.  His wife was also an engineer by qualification but chose to be a housewife after marriage. If in her late 30s she goes searching a job, she won’t find anything worth replacing even a fraction of the income my bother used to get in the house. Thus, the situation was very grave.  It was my moral duty to support the family and since then I am taking their responsibility. Honestly speaking, at times the burden of this responsibility feels too heavy as I have my own family to support as well. But I never show it to bhabhi and my nephew. That is why I suggest everyone to get a life cover on priority basis.

Working class people live on a budget and have to plan for everything before purchasing. After paying for bills and saving for future, sometimes getting a life cover can appear to be too extravagant. One is often so busy in paying for things of immediate gratification that planning for death or its aftermath takes sidelines. Sometimes, we behave knowingly ignorant, it is not always that we skip to invest in a life insurance plan because of lack of awareness; it is because we don’t feel urgency for it. Planning for the aftermath of death sometimes seems like folklore or a prodigal activity. The psyche of delayed gratification or putting other’s interests before our own is something not easily attainable.

Whenever, we talk of a Term plan or other traditional life insurance plan, the biggest obstacle for the individual to buy it is that it does not offer any living benefits to him. The ideology of such people revolves too much around themselves and their love for their family is not unconditional. They care for their family because they need it. Such expression of love is based on selfish motives but real love is when you care for your family so much that their well being and happiness matters to you post your death also. This love is backed by servitude and responsibility. Yes, getting a term insurance plan won’t fetch you even a single penny while you are alive but it would give you immense peace of mind because of the surety  that your family’s future is secured. Such galore of peace and tranquility is pricier than any amount of Premium that you’ll be paying for a life insurance plan.

Term insurance plan is the cheapest life insurance plan when you compare in terms of the sum Assured it is backed by. Especially if you buy it at a young age when you don’t have any illnesses, the premium costs you very cheap. The premium gets locked at the time of purchase of the plan, i.e., when you buy a plan, the premium remains same throughout the Policy period with only minor fluctuations, that too because of change in the rates of service tax. So, every sane person who is working and has a valid income proof should get a life cover at priority basis. One raises a family with so much toil, sweat and blood and seeing them happy is quite vindictive, then why let death put all that effort and sacrifices go in vein?

Securing the Nation With Life Insurance

  • Easypolicy
  • 07 Oct 2016

The atmosphere is intense in the wake of rising tension between India and Pakistan. Every day the news is coming about casualties from either side. Incidents like these take our attention to the undisputable fact that life is so unpredictable irrespective of whether you are a soldier at the border or a civilian. No matter who we are, we are very important for our family. Our family takes pride in our income, they feel protected in the assurance that we are there for them and our earnings are an essential source to maintain and nurture them. That is why it is important to have a financial backup so that even if something were to happen to you your family shall not struggle to pay bills and procure things.

Human life is very precious and any human endeavor cannot completely make good a loss of life but somehow we can manage the extremity of the distress to surviving members by getting appropriate life insurance cover. Life insurance is that type of insurance where Claim settlement is considered to be very simple and is devoid of any inspection by insurance surveyor. The peril or immediate cause of death is not that important. In every kind for death barring suicide in the first year of the Policy the claim would be settled provided it is a legitimate claim and no vital information was concealed from the company at the time of applying the policy.

The air in the country these days is filled with the euphoria of patriotism, as they say charity begins at home, so does security and solidity. Getting life cover would protect your family; a financially secured country can fight with more confidence and solidarity against foreign oppressors. Life insurance plans are very important that is why one gets tax rebates if one pays insurance Premium for them. The insurance structure in a country promotes its financial growth and Risk taking ability in the individuals. More awareness should be spread about insurance in the country so that people residing even in remote parts of the country are protected.

National security isn’t contained to defense against foreign aggression but its scope is very wide. A nation is secured when its denizen’s interests are protected. In order to attain solidity at the macro level measures should be taken to solidify the nation at the micro level. Other types of insurance generally excludes loss due to war or terrorist activity but life insurance pays even if death is occurred because the above two. Thus, it is very essential to have a life cover. How could you be a responsible citizen if you cannot even become a responsible family man? It is both in your and the nation’s interest for you to get a life cover. Hail to our great country India!!

How Good it is to Buy Life Insurance Online?

  • Easypolicy
  • 31 Aug 2016

People in India have traditionally a restricted interest in life insurance. The reason can be many for such selective keenness on having a life cover. However, the scenario is changing as awareness is spreading; people buying life insurance is on a continuous rise. The rise is the number of nuclear families can be a big reason why people are more interested into getting life insurance as an earning person in a nuclear family’s life is highly important for the rest of the members as he/she shoulders the expenditure of the house mostly handedly.

In plural families the immediate dependents of the dying person can still be taken care of to some extent. More changing times have shifted the psychology of community living away from our society. Thus, people know that there would be no one to look after the family behind his back. Thus, people prefer being self dependent, it is a good thing. Ne should never let his beloved family to be burden on someone else. Their honor and dignity would be protected if one takes ample measures to secure them financially against one’s untimely and unfortunate death. 

 The sudden growth in the usage of internet has also propelled mass awareness and more people are getting connected to this supreme source of knowledge. The exposure to internet has uplifted peoples thinking and planning process. It is because of internet that more people are getting to know about the importance of insurance by reading testimonies of people or videos of life management experts. Like other things insurance policies can also be compared, researched and bought online. With a click on the computer one can buy or renew insurance plans after effective comparison online. Online purchase often saves a lot of money also as no involvement of middlemen is there. Also, online plans offer more Coverage than their offline counterparts.

Comparing insurance plans on specialized insurance comparison websites and getting reviews on social platforms on the internet can help you select the best plan for you. While, comparing online there would be no pressure from anyone and thus, you can do your research independently and conveniently. There are many positives to go for online plans, however, the absence of an agent or advisor puts the complete onus on your to do your research thoroughly. Life insurance plans are there to protect the future of your family and thus, there shouldn’t be any scope of Lapse on your part. A substandard insurance product from a company with dubious reputation can be risky. Thus, you need to be sure that you can use the internet effectively and you know where to search and compare plans.

However, the online transactions are safe and well documented. A person who can read and understand well should be able to make a good purchase over the internet without any trouble. The processes are becoming more and more user friendly; increasing number of people buying insurance online is testimony to the fact that purchasing insurance online is safe and an upcoming trend.