It is Better to Be Safe Than Sorry

Amit(28) and Rohan(30) are overloaded with joy and excitement as they are going to attend their childhood friend’s wedding. While listening to Whitney Houston “I Will Always Love You” they expressed their love for their wives and said that they will always love them. Hearing this Riya and Priya laughed a lot and insisted that they drive properly as they need them too. But suddenly, a big and heavy goods carrying truck hit their car and they met with an accident. The impact was so gigantic that Amit and Rohan died on the spot, leaving only memories behind.

Life took a 360 degree turn both the families of Amit and Rohan, but Amit’s prudent decision of buying a term insurance policy Edelweiss Tokio Life – Zindagi Plus saved his family from the financial calamity (of course emotional loss is hard to compensate). His wife filed a claim with the insurer being the nominee and the claim was accepted on genuine grounds. Moreover, with the Better Half Benefit, a life cover will now start in her name. This will be 50% of the life cover of the policyholder, up to an amount of Rs. 1cr. She won’t have to pay any premium and the nominee will also get the sum assured.

With this financial indemnification from the Life Insurance Policy the family will be able to:

• Pay off all debts,
• Will be financially independent,
• Kid’s education and higher education can be taken care of,
• The aging parents can be taken care of,
• His wife may start up a business with the amount in her hand,
• Monthly expenses are taken care of.

On the other hand being a procrastinator Rohan delayed the very thought of buying a Life Insurance Policy of any kind with a thought that nothing is going to happen to him. Due to which, Rohan’s family now is in complete shock as they lost Rohan and also have huge debts, aging parents, kids education, monthly expenses all were haunting Rahul’s family like monsters.

The entire story of Amit and Rohan can be concluded as “It is better to be Safe than Sorry! Life is unpredictable for all of us and it is very important to make an adequate arrangement for our loved ones. Life Insurance will act as your sensible financial decision on rainy days for your family when you are not around. Think of life insurance and buy it at the earliest for your loved ones without delaying.

Neha Panchal - Financial Content Writer

Neha used to be an Engineer by Profession and Writer by passion, which is until she started pursuing full-time writing. She's presently working as a Financial Content Writer, with a keen interest in all things related to the Insurance Sector.