Abhilash’s family was left bereaved after his sudden death due to a sudden heart attack. He had just turned 45 and was the sole bread earner of the family who made all the financial decisions at home. The emotional loss incurred to the family was insurmountable; however, with regards to finances, Abhilash had made enough financial provisions for the family to cope up with such a situation.
Did you know how Abhilash managed it? Abhilash had purchased Edelweiss Tokio Life Zindagi Plus and this insurance plan came to his family’s rescue at the time of his unfortunate untimely demise. The claim amount was immediately paid to his wife who was the nominee of the policy.
Moreover, a life cover will start in her name. This will be 50% of the life cover which was provided to Abhilash. She won’t have to pay any future premiums for it and the nominee will also get the sum assured.
As we can see from the above example, a dire financial crisis was averted due to the prudent decision which was taken by Abhilash. It protected his family financially during their difficult phase and also secured their future by providing a life cover to his wife.
Sounds like a nice story, but did you grasp the crux? It was a term insurance plan which played the hero and saved the family from the financial crisis.
This tells us that, though the loss of an individual’s life cannot be compensated by any amount of money, a term insurance plan aptly compensated for the financial loss which otherwise would have accrued.
Do you have such a hero in your life? If not, you must have one!
As we have seen in the above example, a term plan like Edelweiss Tokio Life Zindagi Plus should be a quintessential part of your financial planning process and you should be wise enough to secure the happiness of your family.