An Awarness about life Insurance-A public Awarness initiativ

sivaram (Asst Mgr-Taxation) (6918 Points)

20 February 2010  

I HAVE EVERYTHING I NEED

 

WHY DO I NEED INSURANCE

 

Q I earn well and save enough. Why do I need Insurance?

 

Life is unpredictable. And Insurance is the simplest way to cope with the unforeseen and the unexpected. It is the best back-up that you or your dependents  can rely on when risk becomes a reality and results in loss of life or property

 

Q I am Young, fit and healthy. Why do I need Insurance ?

 

Plan well and start early. That’s the best way to make insurance work for you. .Premiums will be low, Processing will be minimal and a long term Financial cover is in place to take care of later years.

 

Q I have no Loans and Liabilities. Why do I need Insurance?

 

Insurance is a contingency plan to take care of uncertainities. It is a way of Providing for your dependents and ensuring continuity of their material needs and wants in your unfortunate absence .It is a way to plan and ensure a regular income whenever you decide to retire.

 

Q Isn’t insurance an unnecessary cost and expense?

 

Insurance is a responsibility. It ensures security and mitigates risk.   It is an assurance to your dependents. that you care. Insurance is also  an investment tool  and provides tax benefit too. Most of all insurance is  peace of mind. The price of getting insured is negligible compared to the value that insurance  delivers.

 

Insurance is sensible, Practical  and above all, the right thing to do

 

 

A public Awarness initiative by

 

Insurance Regulatory and Development Authority 

 

Promoting Insurance,Protecting insured.