Run Riot With These 4 Amazing Insurance Products

By BankBazaar | September 1, 2017

Run Riot With These 4 Amazing Insurance Products

Picture this! You’re moseying about your city taking in the fresh air (or rather, what’s left of it), while listening to the birds chirping in the trees (or rather, what’s left of them as well). All of a sudden, without nary a warning, the entire city erupts in an outbreak of goon-induced violence.

You tuck your dhoti in between your legs, slide your Credit Cards in between the crevasses of your torso and run for cover. You barely even notice that you nearly broke Usain Bolt’s sprint record in the process. Your life flashes before your eyes, but all you can think of is the safety of your loved ones, yourself and your property.

Well, sometimes all it takes is a controversial court judgement or conviction to turn an entire state into a veritable powder keg. While you certainly need to protect yourself at all times regardless of the situation, it’s precisely during times like these that having the right Insurance products in your corner could turn out to be a literal life saver.

Additional Reading: How Gaming Can Help You Pick The Best Insurance Plan

Let’s take a quick look at some of these products that will offer you more protection than Iron Man’s suit.

It goes without saying that taking out a Life Insurance policy should be at the top of your list of priorities. The last thing you need is to end up flattened by a stray, burning bus. After all, if you happen to be the sole breadwinner in your family, you can ill afford to get caught up in a situation that could spell disaster to your well-being.

To keep things as simple as possible, all you need to do is take out a Term Life Insurance Policy. Term Life Insurance is considered to be one of most inexpensive forms of Life Insurance, which makes it perfect for all you working class heroes out there.

In essence, a Term Life Insurance Policy is tailor-made to protect the policyholder’s family from any unforeseen or sudden event, such as the unfortunate death of the policyholder. The advantage of this insurance plan is that the premiums are very low, which makes acquiring a policy extremely affordable.

Should the policyholder meet an untimely demise during the specified duration of the plan, then his or her family will receive the death benefit. However, if the policyholder is alive and well beyond the policy term, then no money will be paid out to the beneficiaries.

Additional Reading: Buying Your First Life Insurance Plan? Here Are A Few Things To Keep In Mind

Your health is of paramount importance, regardless of whether you are hale and hearty or you find yourself breathing smoke from a slew of burning tyres rolling down the road in the middle of a city-wide ruckus. Even if you happen to be one of those people who hits the gym every single day and downs protein shakes like they were going out of style, you still need to protect yourself against unexpected medical emergencies.

Getting yourself a good Health Insurance Plan will go a long way towards covering you against huge medical expenses that may come unannounced. This will help you keep your head above water from a financial perspective, without having to dip into your savings.

With a solid Health Insurance policy, you can get your hospitalisation expenses covered, get protection against life threatening or critical illnesses and even avail tax benefits.

Additional Reading: Five Reasons To Get Health Insurance In Your 20s

Dodging rogue tyres and rogues who throw tyres is one thing, but you also need to protect your home from both natural as well as man-made calamities. Whether it’s a flood or a landslide that has ravaged your property, or a bunch of scoundrels who have nothing better to do than to break into your home and take off with all your prized possessions, a Home Insurance policy will ensure that you’re covered against any financial liability that arises from any damage to your property or loss of your belongings.

Not only does it afford you mental peace since you’re safe in the knowledge that your home and your possessions are protected, applying for a Home Insurance plan is extremely easy since most banks across the country offer this product.

In fact, you can even get your temporary living expenditure covered if your home is left in an uninhabitable state due to any unforeseen circumstances. Through well-timed insurance payouts, a Home Insurance plan can help families rebuild their lives in the aftermath of any damage or destruction to their homes and their property.

While Home Insurance covers a wide range of calamities, it doesn’t cover any loss or damage that may arise due to nuclear war, so don’t put your underground bunker up for sale just yet.

Additional Reading: How Home Insurance Could Keep You From Going Crackers This Diwali

Last, but certainly not the least, you definitely need some sort of protection in case your vehicle falls into the hands of a bunch of riotous thugs. After all, where do you think they get their burning tyres from?

While Car Insurance is mandatory as per Indian law, getting your hands on a good Car Insurance policy can protect your vehicle from any natural or man-made calamities like riots, earthquakes, theft and much more. It also ensures that compensation is provided to the survivors in the event of death or injury to a third party, and also covers any expenses that you may incur should your vehicle be damaged during an accident.

Considering the state of traffic in India, taking out a comprehensive Car Insurance policy would certainly hold you in good stead, especially if you see an angry mob barrelling down the road towards your car.

Additional Reading: Riots? Bandhs? Dude, What About My Car?

While we certainly recommend staying out of harm’s way in case you get wind of rising tensions in your immediate vicinity, these insurance products could certainly help by forming an extra layer of protection around you and your family.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: Insurance

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