Term and Health Insurance Instead of gifting gadgets or anything else, give the gift of financial security and life well-being to your loved ones. With this, they will not only get financial security but will also get many maturity benefits.
Insurance Policy: Festivals fill life with joy. Companionship of loved ones, love of loved ones and lots of happiness, this is what life is all about. There has also been a tradition of giving gifts to loved ones on festivals. The exchange of gifts continues even after the festivals are over. If you are also planning to gift your loved ones, then it is better to gift something that will last them a lifetime.
Choose a gift for your loved ones that they can cherish for a long time. There are many such tools available in the market nowadays. From bonds to life insurance policies, the list is long. Insurance policy is the best among these.
Why is insurance policy necessary?
Jewellery, clothes or similar items are good for a limited period only, but an insurance policy is a gift that will last a lifetime and be with your loved ones in their time of need. Insurance policy is such a gift which gives more returns than anything else. You can choose between life or health insurance.
Benefits of health insurance
A good health insurance plan is the biggest need of the present era. In its absence, the financial security of your loved ones will remain incomplete. Health insurance is an ideal gift for your family, as it ensures that they do not have to scramble to meet medical expenses if they ever fall ill. If you want, you can take a family floater health insurance plan. With this, the medical security of the entire family will be maintained.
Most health insurances offer coverage against critical illnesses. Not only does the policyholder get protection against any fatal disease like stroke or heart disease, but in some plans the family members also get a lump sum amount. It can be used to not only cover medical expenses, but can also be shown as income replacement.
Most of the health plans come with cashless benefits, so that in case the policyholder falls ill, the family does not have to worry about how he or she will be treated.
Term insurance one, many benefits
When you buy term insurance for yourself, you are directly protecting your family’s finances and their future, be it your parents, spouse or children. Term insurance will provide immediate financial help to your family in case of an accidental death. This will not only cover short term needs, but also cover long term needs such as children’s education, household expenses, medical treatment of elders or any kind of liability.
Covers your financial liabilities
The liabilities will have to be borne by the family members in case of an accident to those who pay the loan EMIs. Term insurance policy can be very useful in such a situation. It gives your family a one-time payment option as well as monthly payment options and helps you repay your loan.
