• 12 OCT 2016

    A longer term a stronger shield

    Destiny Is Not In Your Control

    Nobody wants to leave the world with their dreams half-fulfilled. No one wants to leave his family in uncertainty. But obviously, you never know when or what destiny has in store for you. Also, it is very true that whatever happens will happen as it is outside your control. But what is in your control is that when fate blows out the light of your life, at least your family is not left in darkness. Your family can have a secure life if you buy a term plan. But blindly buying a term plan is not enough.

    A Term Plan with Shorter Cover

    Most people make the mistake of buying a term plan with a shorter cover to save on money as they feel that there is no point in paying premiums for such a long term. But this philosophy actually defeats the very purpose of buying term life insurance. Term life insurance is a pure form of insurance which only provides death benefit. In other words, in the event of the life assured meeting with an untimely death any time during the term of the policy, the nominee will be paid the sum assured. If the Life assured survives till the end of policy term, there is no maturity benefit that he can avail of. Hence, it becomes imperative that you see to it that the policy term is longer.

    A Term Plan with a Longer Cover

    If you buy a term plan with a longer cover, you not only shield your family for life, but also protect your spouse from the vagaries of life when you aren't around, especially during her old age. For instance, if your term plan covers you till 80 years of age, even if you meet with an untimely demise at age 60 or so, your spouse will be able to live independently with the amount that she receives from the term plan.

    An Example

    Let’s understand this with an example. If you are 30 and take a term plan for 20 years of age, it'll end when you reach 50 years of age. If you survive till then, buying a new plan will be very costly. But if you, instead of 20 years, buy a policy to cover you till age 80, you can have the advantage of a longer cover by paying a premium based on your present parameters.

    Hence, a long life with longer insurance cover is always better than a long life with shorter insurance cover.  Generate a quote today for a term plan like Edelweiss Tokio Life – MyLife+ that gives you protection till 80 years of age.

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  • 5 NOV. 2018

    What if Things Don’t Go As Planned?

    Any human being doesn’t want to even imagine about his / her death. All of us wants to believe that we are immortals. In Mahabharata, there was a dialogue between Yudhishtira and Yaksha where Yudhishtira answered the questions asked by Yaksha. One of the questions asked by Yaksha was ‘What is the greatest wonder?’. Yudhishtira replied ‘Day after day countless people die. Yet the living wish to live forever. O Lord, what can be a greater wonder?’

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