Insurance is mandatory in today's India. Without it, life can be a constant fear of what might happen next. Whether there is a future that we’re certain of or is it every step of uncertainty at every step, is the question that eats most minds. Insurance comes as a savior here. It acts like the elixir.
If for any reason you face a natural calamity or your house or office catches fire, insurance helps with the money for reconstructing it. Every penny you’d have saved up as insurance, comes as a saviour. So be it car insurance, medical insurance or health insurance or life insurance - all counts!
There are many benefits of having an insurance than what meets the eye.
Here are some benefits:
It not only saves your life, it saves your family too
It is really important to save up for the family too. It cannot be a one-man army when disaster strikes. All companies offer insurances for the whole family and not just for one person, unless needed that way.
It’s every human being's dream to attain peace of mind. Insurance helps to get closer to that dream as it removes a huge burden off ones shoulders. Once a person is completely prepared for the future by getting an insurance, come what may he shall not be defeated by it. It’s only a positive aspect. Hence, it helps one attain peace of mind and try not to worry much about the money when disaster strikes.
For all of them who have yet to start a family or just started, there would have been no concept of saving-up for the future before that. It all has to be started in the new life. Insurance encourages it. It encourages one to start saving for the unforeseen circumstances of life. A habit once made is all good for the future unknown. Hence, the more the better!
Acts as a guardian angel
God forbid, the person who invested in the insurance died. If they were the sole income for the family, insurance acts like the guardian angel. All the savings of the deceased person will help in the time where the family needs money the most. When the person responsible for the economy of the house is no more there is no begging for money required as there is a lot that is already left behind.
Insurance comes into picture in the old age where there is no stamina to work anymore and have to live a life of independence.