Whenever you talk about life insurance with any of your friends, relatives and acquaintances, they always seem to give you a piece of their mind in terms of investing money and saving tax. But most people seem to skirt the benefit of life insurance giving ‘peace of mind’. Life insurance is basically to be bought for having peace of mind. How?
Securing your family’s future
Securing your family’s future will give you peace of mind in the present. Say, you have a wife and a kid. Your spouse also works and the kid is just in his primary grade. At home, you have your ageing mother who just about manages to look after the kid and the house with some help from a maid. Your expenses are going to rise in the future owing to your mother’s advancing age which may result in increasing medical expenses as also your kid entering his growing years. You may have to keep an additional resource in the form of a cook etc to support your mother if you and your spouse decide to continue working. Expenses and responsibilities will rise. Now, if suddenly, you were to meet with an untimely demise, who would take care of the financial burden of expenses, EMI’s, school fees, medical expenses etc? Again, if let’s say, you fall critically ill and have to leave your job to recover at home, who will bring food to the table? How will you cope with the loss of income and increase in expenses?
A comprehensive term plan
A comprehensive term plan like Edelweiss Tokio Life Total Secure+ is the answer. A comprehensive term plan is a term plan that includes a critical illness cover as an accelerated benefit. How does this policy operate? In a term plan, you pay a particular premium in exchange for which the insurer guarantees your family the full Sum Assured in the event of your untimely demise. A critical illness plan, in exchange for premiums paid, gives you the full Sum Assured in the event of occurrence of critical illness. A comprehensive term plan like Edelweiss Tokio Life Total Secure+ does both. You are covered with a Base Sum Assured and also a critical illness benefit. If you avail of the critical illness cover in the event of a pre-listed critical illness, the policy will continue with the Death benefit reduced by the extent of the Critical Illness Sum Assured paid. This death benefit can be availed of by your family in the form of a lump sum as well as as a fixed monthly payout or even a combination of both the modes.
Convenient to buy
Edelweiss Tokio Life Total Secure+ is available online as the buying process is very easy and convenient. You can buy it while at work also or while watching a movie at home, even from your smartphone. You can also compare quotes from various life insurance companies and decide which one is the best for you. This sum will ensure that your family can continue living the lifestyle that they always did when you supported them physically and financially.
A comprehensive term plan will see to it that your family does not have to go through any financial difficulties when you are unable to support them financially. Generate a quote today if you want to avoid worrying about what will happen to your family when you are resting in peace or have been arrested by a critical illness. This will give you financial and mental peace today.