First things first!
Life is unpredictable, and anything can happen anytime catching you off guard. While the fact is that you can do little to control what life has in store for you, you can still subscribe to a right insurance policy to minimize its uncertainty.
In the same context, don’t you think it would be good to grab a mix of insurance policies to help you deal with the complexity of life? Let’s provide you five of the best insurance policies!
1. Term Insurance
Why take a risk with your life when you it can never be predicted? Yes, to keep things easy at your ends, it will be advisable to avail Term Insurance Plans. A term insurance is a scheme that works by offering a financial coverage to a policyholder for a fixed period. If you no longer survive, your appointed beneficiary or your family will then be eligible to receive a lump sum amount from the insurer. It will help your loved ones to get courage to face times ahead in your absence. Yes, the received lump sum figure will help them maintain their life and consolidate debt if any.
2. Cancer Insurance
Cancer is one of the deadliest diseases responsible for killing a substantial number of people in India and globally. However, you need to be mentally, physically and more importantly financially ready to manage and if possible, beat it. With cancer spreading its wings more than ever, it would be good to avail a cancer insurance to cover all expenses. Since cancer treatments may include chemotherapy sessions and extended hospitalization which may be expensive, an insurance is a must. A standard cancer insurance plan should include benefits to cover all stages of cancers. Generally, once you are diagnosed with a cancer, an insurer may pay you to manage medical and household expenses.
3. Health Insurance
The cost of medical expenses is on the rise is no hidden news. If you are financially not ready to face any unexpected medical emergency, your income and savings will be affected for longer time. Thus, to be sure of managing the financial part of untoward medical expenses, a comprehensive health insurance plan should be purchased. Since a standard health insurance plan will cover the cost of medical procedure, hospitalization expenses and more, you can peacefully deal with other things! Also, timely Buying of a Health Insurance Plan will ensure quality medical treatment so that you can quickly recover.
4. Heart Care Insurance
Many studies have revealed that the number of people dying due to heart diseases is on the surge. Thus, availing an all-inclusive heart care insurance plan is a must these days. Such a plan will take care of the expenses arising out of mild, moderate and critical medical issues concerning the heart with payouts during different stages.
5. Personal Accident Insurance
Picture this! You met with an accident that rendered you with injuries that can’t let you work! As a result, you lose your source of income. Thus, a personal accident insurance plan helps you cover such losses if you are alive. Although your health insurance may cover some medical expenses including hospitalization, it won’t cover a loss of income. Thus, it is good to buy a personal accident insurance policy to fill the gap.
The Bottom Line
When you have someone else paying off your bills during urgent situations in life, you can easily take care of other aspects of life and also save your savings! Thus, it is a good thing to enroll in a suitable insurance policy as per your needs!
