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The pandemic has heightened the need for long-term financial planning.
29 Jun, 2021 - 08:40 AM IST | By indiantelevision.com Team
Mumbai: The world has been through some of the most unprecedented times over the last one year. Most of us have encountered life-altering disruptions in our day-to-day lives and many have had to suffer loss of jobs, income and even loved ones. In such unpredictable times if there’s anything that can guarantee some form of assured security, then policy insurance will definitely be one of them.
And what better day than the Insurance Awareness Day (28 June) to remind us about the critical role of insurance in protecting oneself and our families from the uncertainties of life. The pandemic has only heightened the need for long-term financial planning.
National Insurance Awareness Day: Essential things to check before buying a policy
Due to the pandemic people have become more aware about the insurance policies. Also, insurance in the wake of COVID-19 times has become a vital part of everyoneâs life and people have started buying health, term insurance more. Uncertain future and contingency needs are what make people more alert for insurance plans. This is the reason this year due to the pandemic, digital insurance sales went up by 100 percent as compared to last year. Â
âThink of insurance as a tool to manage your financial risks in the future. We are living in an age where providing for your loved ones, even if you are not around, has become possible and so easy by just buying an insurance policy. In fact, ask yourself whether your old parents, spouse, children or younger siblings depend on your income? If the answer is yes, then you certainly need insurance, as simple as that,â Adhil Shetty, CEO of BankBaz