09/09/2013
Out of pocket and in trouble
We don’t realise that our life and ability to earn is the biggest asset that we possess. We insure all the items which we may be able to collect again in our life if we are healthy and earning. But we do not insure our life. Once health and life is lost, it’s lost forever.
Things are always beautiful and perfect till the time we face any difficult situation. For us the money we spend on our insurances whether compulsory or not, are waste, till the time we actually need it, for example CTP, Car Insurance or Home and Content Insurance. We had a car accident, first thing we think about is “Thank God.. our car insurance is in place!!”, we have a theft in our house, “Best thing I did is that I took Home and Content Insurance!!”
Fortunately, with general insurance we can still get insured for such future accident or thefts. These items are replaceable. We just need to spend some money and then we can buy them. This is not the case with our health and life. Irony is that we don’t realise that our life and ability to earn is the biggest asset that we possess. We insure all the items which we may be able to collect again in our life if we are healthy and earning. But we do not insure our life. Once health and life is lost, its lost forever
Life insurance will never be able to get your lost health or life. However, it can reduce the financial stress on you or dependents at the time when you need the most relaxed and stress free environment to get well soon.
