Need for Life Insurance

Life is Beautiful, but with full of uncertainties.  I am sure , you would have come across a lot of problems in your life, as

1)  Diseases like Viral Fever, Pneumonia, Chicken Pox etc.
2)  Failure in Examination
3)  Motor Accidents
4)  Robbery & Burglary
5)  Business Loss
6)  Death of dear & near ones



Let me ask you some questions at this point of time.

1)  Can "Apple a Day" keep you away from Diseases?
2)  With 100% Classroom attendance, can you score 100% in every Exams?
3)  Can a Helmet / Seat Belt prevent you from Accidental consequences in full?
4)  Are Robbery / Burglary not happening with tightly secured premises?
5)  Are you 100% confident that your Business will always give you expected profits?
6)  Can staying with 7 Star Hospitals, keep you alive forever?




If your answer to the above questions are "Yes", definitely you are never exposed to Risks.  Those who are never exposed to risks, never need Life Insurance too.

For others who are exposed to risk, some one can handle the risks.  Imagine you have lost Rs.200 from your pocket one day.  Will you get financial ruined with that?  Will your life be anyway affected with that loss?  But there are some others, who are finding it difficult to earn for a single meal per day.  For those, Rs.200 is a big deal. 

If you don't have the retention power against possible risks, the next best way is to transfer the risk to any other person, who has got that ability.  Insurance is exactly the business of transfering the risk from one person to the another called the Insurance Company (Insurer).

How can it help you?

For eg, if you are affected with a disease, the hospitalization expenses need to be borne by you.  But if you are insured, you will be getting the treatment, while the Insurer takes the responsibility of paying your hospital bills.

If your car mets with an accident, your insurer pays you the money to compensate the loss & to bring back the asset to its previous good state.

Every individual has got some responsiblities in their lives.  Their Dreams include,

a)  Own Home
b)  Vehicle
c)  Children Education
d)  Marriage & Settlement Expenses
e)  Take care of monthly household expenses
f)   Enjoying vaccations to get free from the troubles in life

Say, the above dreams are for a 30 year newly married professional.  And that his estimated budget for all the above comes to around 2 Crore,  you should accept that his life is worth atleast 2 Crores for his family.  If he is alive, he will ensure that he will earn that 2 Crores & make the dreams on his family a realistic one.

Imagine, what happens if he says bid to this world before fulfilling his dreams.  Physical loss is the most painful thing.  But still, atleast if his dreams come true, that would have been better.  Whether we are alive or not, it would have been beautiful, if our dear & near ones remain happy.  If he has taken a life insurance cover of atleast 2 Crores, even in his absence, his dreams over his family should have come true. 

That is the power of Life Insurance.  When you are alive, all your dreams come true.  If not, still your Dreams come true.