Security is a priority, not an option
Insurance & Risk Management
The world we live in is full of uncertainties and risks. Individuals, families, businesses, properties and assets are exposed to different types and levels of risks. These include risk of losses of life, health, assets, property, etc. While it is not always possible to prevent unwanted events from occurring, financial world has developed products that protect individuals and businesses against such losses by compensating them with financial resources. Insurance is a financial product that reduces or eliminates the cost of loss or effect of loss caused by different types of risks.
Covering financial catastrophes
The price of insurance isn’t cheap, but it is relatively small in comparison to the potential total loss from a financial catastrophe. Being prepared for the unexpected will ensure that we can still reach our goals after facing a financial crisis. Most of us do not understand the individual coverages, protection types, and amounts of each insurance policy we have. We work with you in identifying the insurance policies you need that based on your financial situation, so that it keeps you from emptying your emergency fund and also protects your loved ones if you’re injured in an accident, become sick or disabled or die.
Covering income generating assets
All of us wish to achieve financial freedom at some point in our life, and when it comes to doing that, we tend to believe that savings are enough to be financially stable. But, if you look at life from a practical perspective, you would understand that savings alone are not enough to achieve financial freedom; insuring all the income generating resources and assets are equally important.
Purchasing an insurance plan also forces you to consider the worst possible outcome, like losing your house to a fire or flood. Some people are paralyzed by fear and avoid the subject of insurance entirely. We help in figuring out the purchase of right kind of insurance that is important to ensure that you are financially secure to face any type of problem in life.
Educating on Insurance
Most of us understand the importance of having insurance, buying an insurance policy still isn’t our top priority. When it comes to insurance, people seem to be ill-informed. Navigating insurance marketplaces are puzzling and insurance policies don’t always offer the protection which people are looking for. This results in people not going in for an insurance coverage which they require. When it comes to the topic of insurance, people also tend to be ill-informed. Many people need as much help in this area as they do in other aspects of personal finance. We work with you on providing right kind of information on different Insurance products, their features, their terms and conditions of the insurance policy so that you’re aware of exactly what you’re covered for.
Review of existing policies
We review the actual requirement of Insurance by reviewing the existing policies and coverage by discussing and considering all the factors e.g. age, family, no. of dependents, financial situation etc. We make sure that you just, “Don’t set it and forget it”. We keep reviewing, track progress and recommend / make adjustments as and when you go through your life cycle. Our approach is that, “Having insurance isn’t enough – it should also meet all your needs”. We make you aware and educate you of the financial implications and potential risks that are critical.
Importance of Insurance
Guarding your tomorrow
- The financial position of any Individual gets distressed and affected on happening of unexpected event which has a financial risk. Unpleasant events e.g Medical emergencies, damage to assets, death of the bread earner of the family etc. can happen at any moment in anybody’s life. Having adequate insurance cover for all such unpleasant events helps securing you financially against them as it provides a payout in case of happening of such unforeseen event.
- “Principle of Transfer” is the essence of an Insurance contract. In Insurance the financial gets transferred from the insured to the insurer. As an insured, you pay premiums and receive insurance claims from the insurer on occurrence of an unforeseen event against which the insurance is taken. Therefore taking an insurance cover helps in reducing the financial burden on your shoulders.
Our family is the most important asset we have. Most importantly our family depends on us for financial support. Therefore it becomes very important for us to secure our family by taking an insurance cover ensuring that we and our family are completely secure to face any financial emergency.
Nobody can predict any future event that can be catastrophic to us and our family. Any such tragedy can leave us physically, mentally, and financially strained. Having an insurance cover comes in as a great relief when we are faced with tragedies e.g. hospitalization, injury or permanent disability and even death. In such situations insurance saves us and our family from tension and stress of finance and we can focus on managing emotional and recovery stress with insurance in place, any financial stress will be taken care of, and you can focus on your recovery.
- Taking adequate insurance covers help in a very big way. Psychologically it offers us financial security leading to peace of mind. When we have adequate insurance cover we know that we are financially secured against any unforeseen events in life which gives us complete peace of mind.
We guide in protecting assets and Individuals with insurance. We review the actual requirement of Insurance by reviewing the existing policies and coverage by discussing and considering all the factors e.g. age, family, no. of dependents, financial situation etc. We make sure that you just, “Don’t set it and forget it”. We keep reviewing, track progress and recommend / make adjustments as and when you go through your life cycle.
Our approach is that, “Having insurance isn’t enough – it should also meet all your needs”. We make you aware and educate you of the financial implications and potential risks that are critical. We also educate on all the features and terms and conditions of the insurance policy recommended so that you’re aware of exactly what you’re covered for.
Be prepared for anything
Design your and your family’s safety net
Let’s do it today because even a correct decision is wrong when it is taken too late.