Insurance
 
The most obvious reason anyone purchases an insurance policy, is that they are taking the necessary precautions to insure that in the future their lives won’t be severely troubled by the occurrence of an unforeseen event. Be it health and dental protection, life insurance or critical illness cover, by taking the necessary steps you are guaranteed a light at the end of the tunnel. The money you invest today will be available when you and your loved ones need it the most in the future.

It is always worth remembering that with the right policy you can prevent your family and loved ones from struggling financially. In the end no matter what your financial situation or personal requirements, there is a plan that is perfect for your individual needs. So don’t make the mistake of waiting until it is too late. Take the necessary precautions today and rest assured that no matter what coverage you require we have just the right solution for you along with the most competitive prices.
 
Life Insurance
 
Life insurance isn't something people like to think about,
but if you have loved ones, you should.

You’re healthy, you’re fit -- you don’t need life insurance, right? Wrong! If you have people who depend on you financially, you need life insurance no matter how fit and healthy you may be.
What would your family do if something were to suddenly happen to you? Where would they turn to for financial relief? You wouldn’t be there to support them anymore. In addition to having to deal with the loss of you, they’ll suddenly have to deal with the loss of your income -- unless you have life insurance.
You still have the choices of the common types of life insurance such as:
   
 
Why Health Insurance is most important?
 
People normally misunderstand that medical insurance is for elderly only. Because they are still healthy and no illness, they don’t need medical insurance. Also the argument is still I am young and healthy I am going to pay the premium without getting any benefit now. Medical emergency comes without warning. The fast lifestyle and taking unhealthy and irregular food habits may cause health problems. Your good health will allows you to work and earn money and enjoy life. If you are sick or have an accident without health insurance you may find yourself unable to pay the hospital bill and may be you will not get treatment. Health Insurance is most important one.
 
Many people argue and feel that their medical insurance is covered by their employers. They don’t aware that once they leave their company, the coverage will cease. Suppose they leave their job in midway due to various reasons then it is more serious problem. Secondly if you take the medical insurance at a younger age when you are healthy and fit the insurance premium is lower otherwise if you take medical insurance at older age or middle age say after 40 or 45 yrs of age and not medically fit then either you don’t get the cover or pay higher premium or subject to certain exclusion.
 
As a financial planner we will advise you to take medical insurance when you do the financial assessment. The cost of treatment from the hospital are so high you have liquidate your investment in case if you don’t have any medical insurance then it will derail all your financial assessment.
 
Many employers provide health insurance benefits to full-time and even some part-time employees. If you do not currently have health insurance coverage this is the first place to check as it will generally be the most affordable. If you are married, you may both be able to receive coverage under just one of the employer plans.
 
If your employer does not offer health insurance or you are self-employed you still need it. While it may not be cheap the fact remains; what do you have if you don’t have your health? Even a basic hospital bill without insurance can run into the thousands of dollars. It isn’t worth risking financial ruin to save a few bucks on a health insurance premium.
 

So it is very necessary to have health and medical insurance that you need to have but hope never to have to use. A health insurance cover will give you the necessary assurance that you have the finances when the need arises.

 
 
General Insurance
 
Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. There are also other covers such as Errors and Omissions insurance for professionals, credit insurance etc.

Who should buy general insurance?


Anyone who owns an asset can buy insurance to protect it against losses due to fire or theft and so on. Each one of us can insure our and our dependents’ health and well being through hospitalization and personal accident policies. To buy a policy the person should be the one who will bear financial losses if they occur. This is called insurable interest.

Most general insurance policies are annual – that is, they last for one year. Some policies are given for longer periods – like fire insurance for residences – and some for shorter periods – like insurance for goods transportation or for emergency medical treatment during foreign travel.
 
For more information, please Contact us.