SECURE YOUR FAMILY IN EVERY WAY ::
Protecting the loved ones has always been a priority for a woman. Be it cooking the right food, keeping the house spic and span or keeping a first aid box handy, the protective maternal instinct keeps ticking all the time. But increasingly protection of family members is also gaining a financial dimension as more and more women are shouldering financial responsibilities either with their spouse or parents. And the best form of financial protection is Insurance.
Insurance becomes a must as you plunge into big commitments such as purchase of a house, marriage, parenthood or supporting dependent parents. However, these responsibilities shouldn’t stop you from continuing your investments, which is a life-long exercise. Hence the strategy is to accumulate wealth with a hint of protection. This will take care of your family’s needs in your absence.
WHAT YOU CAN CONSIDER::
Your portfolio should have the right balance of debt and equity investments along with the right protection plan to safeguard any unforeseen eventualities.
Buy an online term insurance, which is at least 40% cheaper than offline policies. It is the best way to secure your family’s financial needs. A 30-year term cover of Rs 1 crore costs around Rs 11,000 for a 30-year-old individual.
This term cover should at least partly cover your family’s financial needs and loan repayments in your absence.
You can buy an individual health cover or a family floater health insurance to cover unexpected medical emergencies. A group medical cover with employer may not be sufficient as health inflation continues to grow and is now around 15%.
Visit www.hdfcsec.com for more information
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