19 OCT 2016
How Term Plans Help Your Family Stay Afloat In A Storm?
When a ship gets caught up in a storm, you, as an occupant just want to hold on to something that would keep you afloat. It could be a pole, the mast, a piece of wood, a dingy or anything that just helps you to remain adrift till the storm passes away, which it would eventually. Life, however, is a lot different. When there is a storm in life, it just seems to refuse to pass. It affects you in such a way that you require a lot of time and money to overcome it.
Untimely demise of breadwinner
The untimely demise of the breadwinner of the family is such a storm. The family members are caught in the storm and want something to hold on to so that they can remain afloat in life. Financially, they are faced with an uncertain future as they would have no idea how to deal with their financial liabilities and expenses.
A term plan
A term insurance plan is the life-saver that would help your family when they have lost the most important member of their family; you. How? Because a term plan gives you pure protection. As the name suggests, there is a term attached to the policy, during which, if you were to meet with an untimely demise, your beneficiary would receive the complete Sum Assured. With this money, they can meet the expenses of life like home loans, your children's fees, medical expenses etc. It is the cheapest plan in the market that can give your family the maximum security.
Security for your family
A term plan like Edelweiss Tokio Life – MyLife gives your family the security and breathing space that they would want when faced with the dreadful prospect of living life without their breadwinner. It is the best income replacement that can help your family weather the financial storm of life without income, especially if your spouse is a stay-at-home mom.
Generate a quote today to find out the best mix of policy term, premium and Sum Assured according to your needs. Buy it and immunize your family against the financial ill-effects of a dreadful storm.
23 APR. 2018
Plan tax savings and enjoy higher returns with ULIPs
A Unit Linked Insurance Plan (ULIP) is the savvy combination of insurance and a financial plan which provides you with death or maturity benefit with the bonus of investing a portion of your premium in market-linked funds. Amongst the numerous investment productsread more
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