There are hundred and thousands of insurance companies with number of services to entirely confuse us in the space of insurance. Because of ignorance, most of us are not able to identify our requirements and proper insurance protection to meet these requirements. Here is a study and the possible insurance details to meet the requirements.Remember, life is precious to all human beings. Everyone in this earth want to live long . Discipline can ensure this till and extend.All of us are aware that most of the family has single bread winner. Entire family depending on him and they will completely join to his good times and bad times. His worry will be the future once if something happening to his life. This is the time to depend insurance with proper policies. Below are the list for them.For an ordinary family with single bread winner, I am introducing three must have policies to protect life of him/her, medical requirements and valuables from future incidents:
Term Policy:
Known as cheap policy with huge insurance amount. Once should select a term policy for a period of 15 years if he is in the age of 35. This will ensure that the family will receive a very good money cover if something bad happening to his life. It is advisable to consider a term policy amount should be six times of the annual salary.
Mediclaim Policy:
Covering entire family with a single mediclaim policy will give freedom from all the medical expenditures occurred in the future. An advise is, be sure you have added your kid’s under this policy because kids always required lots of medical treatments.
General Insurance:
This is also available with cheap premiums. This will ensure you the protection of your belongings i.e. house, property, vehicle, incase of emergency and from calamities. A policy have riders like protection from burglary, house hold items will be best suitable for today’s family. As a tip, when taking a policy for vehicle, must consider third party insurance coverage.A mix of above 3 policies highly advisable to a common family. Which can meet all the unexpected monitory requirements and incidents. Consider this and live long.Once if you have done with this must have policies, you can consider growing wealth for future requirements. Unit Linked Insurance plans and mutual funds will be your best friends to save for the future.
The secret if success is always the goal settings. If you are setting a goal and have a discipline to attain that, then success is in your way.