PERSONAL
INSURANCE

Why do we need

personal insurance?

"Everything is getting so expensive these days. Medical bills, rent, even car repairs - it can get hard! "I know, That’s why I finally got serious about personal insurance. It’s the only way to make sure I am not in a challenging financial position for myself and my family if something unexpected happens."


"I get health insurance by my company , but do I really need more than that?"

"Think about it - is it even sufficient coverage with expensive hospital bills. And what if you lose your job or are in-brtween jobs? Or worse, what if something happens to you and your family is left struggling? That’s where life insurance comes in. And what if your car gets damaged or your house gets damaged? Insurance protects you from all those risks."


"Yeah, I guess I never thought about it that way. 

"True, but imagine paying out of pocket from your savings for a hospital bill or fixing your car after an accident. That’s way more expensive. Inflation is driving up the cost of everything, including medical care and property repairs. A substantial insurance plan helps you manage those costs without draining your savings.”

"Okay, so help me understand -
what kinds of insurance should
I actually consider?"

Types of Personal Insurance for
an Individual

Personal insurance is essential for protecting different aspects of life, including health, family, assets, and future security.

Here’s a breakdown of the key types of personal insurance every individual should consider:

HEALTH INSURANCE:

Purpose: Covers medical expenses, including hospitalization, doctor visits, and treatments.

Why It’s Important: Medical costs are rising, and health insurance ensures you receive proper healthcare without financial strain.

  • Covers only one person

  • Covers the entire family under a single plan including parents & in laws.

  • Provides a lump sum amount if diagnosed with serious illnesses like cancer, heart disease, or kidney failure.

  • Item description

LIFE INSURANCE

Purpose: Provides financial support to your dependents in case of your untimely death.

Why It’s Important: Ensures your family’s financial stability, covering expenses like debts, children’s education, and living costs.

  • Pure life cover with no maturity benefits; affordable premiums.

  • Covers you for life and includes an investment component

PERSONAL ACCIDENT

Purpose: Financial compensation in case of injury, disability, or death due to an accident.

Why It’s Important: Helps cover medical bills, rehabilitation, and loss of income due to an accident.

  • Pure life cover with no maturity benefits; affordable premiums.

  • Covers you for life and includes an investment component

HOME INSURANCE

Purpose: Protects your home and belongings from damage, theft, natural disasters and more

Why It’s Important: Homes are valuable assets, and insurance covers repairs or rebuilding costs in case of fire, floods, earthquakes.

TRAVEL INSURANCE

Purpose: Covers risks associated with travel, including medical emergencies, lost baggage, trip cancellations, and accidents.

Why It’s Important: Essential for international travelers to avoid unexpected expenses in a foreign country.

CAR INSURANCE

Purpose: Covers damages to your vehicle and liabilities from accidents across all natures nationwide

Why It’s Important: Required by law in most countries; protects against financial loss due to accidents, theft, or third-party damages.