Sunaina, her two younger sisters, and their mom went out for their annual Mother’s Day camping trip. During their stay, their mother consistently complained about her foot bothering her. Of course, they didn’t believe it was that big of a deal and that it would pass in time.
Later that night the pain became unbearable so they called an ambulance and sent her to the hospital. The next morning, she passed away from a pulmonary embolism. A tragic event happens to the mom of a 20-year-old and her two younger sisters. Sunaina became the head of the family and now had to take care of herself and her two younger siblings.
Their mother only had 3 lac in the bank, was behind on her bills, and had no life insurance. This made it extremely difficult for her family to survive. They had no money to pay for their current mortgage or other debts and the bank eventually foreclosed their home. Sunaina and her siblings are now barely getting by with her current job and their small two-bedroom apartment. There was no financial legacy for Sunaina and her sisters to fall back on.
Life Insurance plays a key role in keeping our family secure. The most important goals of one’s life are to secure his/her family’s future. Life Insurance is the simplest way to protect one’s family against uncertainties in life and financial losses associated with them. Regardless of the various investments done over the years, certain eventualities, such as critical illness or death, substantially affect your family’s financial condition and term plans help securing an individual’s financial future against these eventualities.
At this juncture Edelweiss Tokio has designed a term plan ,Zindagi Plus, which is a comprehensive, all-inclusive solution that remains relevant in the absence of the bread winner. Zindagi Plus, enables its customers to provide a financial protection for their dependants and go a step forward and cover their spouse as well.
If you have dependents or financial liabilities, then it is prudent to get life insurance. This will surely give you a sight of contentment when you are alive and even when you are gone making it a must rather than a choice.