We're all looking for ways to make our money grow; to build the family fortune, and secure our financial future and insurance is a part of it. Insurance is the promise of compensation for specific potential future losses in exchange for a periodic payment. As I grew older, and began a business, I realized that life insurance was indispensable and fundamental to a sound financial plan. It is a way of managing risks. Over the years, life insurance has given me peace of mind knowing that money would be available to protect my family and estate in a number of ways.

Insurance helps you:
  1. ·        Cover health care costs like prescription drugs, vision care, dental care and other health-related problems.
  2. ·        Maintain your current standard of living if you become disabled or have a critical illness.
  3. ·        Own a home, because mortgage lenders need to know your home is protected.
  4.            Provide for your family in the event of a death.

Here is 5 small things you can give up to secure your Family's future:

Don’t speed:

Not only is speeding inefficient in terms of fuel usage, it also can get you pulled over and cost you higher insurance premiums, as I discovered a while back. It’s far more cost-efficient to just drive the speed limit. These small savings can be utilized to insure your family.

Cancel the cable channels you don’t watch:

Many people with cable services often are paying for a premium package that they don’t really need. Get rid of channels, you don’t need and put that cash back in your pocket. A small change can help you to secure your family.

Minimize eating at restaurants:

Eating out is much more expensive than preparing your own food, Pack a lunch at home instead and bring it with you to work. A small sacrifice can help you to secure your family’s future.

Reduce spending on entertainment:

It’s easy to cut entertainment costs without negatively impacting your lifestyle. A minor change in your habit can secure your family.

Walk or ride your bike:

If you can ditch the car to go to the store or to work, then do it.  You will save money on fuel and have the added benefit of getting more exercise. It’s a win-win! A small saving can help you to secure your family.
Recognize what is really important:

This is easier than it sounds: Simply write out what is important to you and what small things, you are willing to give up in order doing insurance for an emergency fund, so that if anything happens, you’ve got the money.

When, I came across HDFC Life , click to Insure website, which is out with answers to all your questions regarding insurance. I was rather shocked when I used the Insurance Premium Calculator and found the premium. One can get 1 crore life insurance cover for his/her family, which costs only Rs 18/Day. And not only that, HDFC Life has a wide range of plans to choose from. Then there is the assisted buying facility which could be via call, chat or even co-browsing. Their support extends beyond purchase. From policy trackers to policy serving- paying premiums, making a claim – All are available online.

In the end, I would like to conclude by saying that, only a few negligible sacrifices can help you to secure your family’s future. Achieving financial independence is not necessarily easy, but it is achievable if you understand your priorities, set achievable goals and take the proper steps toward reaching them. I would be delighted if you share your experience after visiting the webpage of  HDFC Life , click to Insure and if you have further suggestions or information in this respect.

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