Today I want to take you through how you can pick the perfect insurance plan based on your needs. But before that, I’d like to share a story with you. It’s a story that might make you feel miserable. It’s also a story that we hope, on reading, will inspire you to take action.

The Story

A few years ago, an acquaintance, let’s call him Amar for the sake of anonymity, went through a harrowing experience. Amar had recently gotten married to his lifelong sweetheart, Chaitra. Both of them had known each other since childhood. Their families were close, though not very financially well off. Within a year of Amar and Chairta graduating and taking up jobs, they got married. Nobody in either of their families had a life insurance or a health insurance policy.

Consider it a series of unfortunate events if you will, but within a year of their wedding, Amar had a terrible fall and was bedridden for 8 months. He could not work during this recovery period. Chaitra was the sole breadwinner of the family. Just as Amar was recovering from the fall, Chaitra had a horrific bike accident and died on the spot.

All of the family’s savings had been put into treating Amar’s injuries and taking care of his rehabilitation needs. Chaitra’s income was crucial for the family to meet their day-to-day expenses. With no health cover and no life insurance to fall back on, Amar and the families were in dire need of money. They were left with no option but to take loans from friends and relatives. Through two heart-wrenching situations, not only did they have to deal with all the emotional stress involved, but they also had to undergo huge financial stress. It was an extremely difficult time. And it still is.

Cut to Today

Today, Amar is hale and hearty. He’s supporting his parents as well as Chaitra’s family. His cousin proved to be a life-saver of a financial advisor for him. Amar was able to take health insurance policies for every family member as well as a life insurance policy for himself. Every month he pays off part of the loans they’d taken. And the families are on the road to a better, more stable financial life.

How to Pick the Right Insurance Plan

This story might seem extreme to you. And I agree, it certainly is. Oftentimes, life can be unpredictable and unkind. The best thing you can do is be prepared. Heck, I’m an optimist! I always hope for the bestest of situations at all times. But I also understand how essential it is to prepare for the worst. And when it comes to your finances, let money not add to your stresses. If anything, let money aid you throughout your life.

So, without any further ado, let’s get into how you can actually pick an insurance plan that suits you best.

Picking the Perfect Insurance Plan
Picking the Perfect Insurance Plan

Feel free to drop in a comment below or reach out to us if you need any help or advice in this area.

Author Bio - Komal Shivdasani

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