The dreams & aspirations of your loved ones deserve utmost protection. Insurance is one such financial security blanket that can do just that for you! The sheer peace of mind that insurance brings cannot be calculated in any way without actually experiencing it. However, one must realize that insurance is not justa promise of lifelong goodness. If done thoughtfully, insurance is a great financial gift you can bless yourself and your family with. Hence, one must be extremely careful when opting for the right amount of insurance coverage.

 

As per a survey conducted in the year 2015 by an online financial advisory platform, BigDecisions.com, it was found that roughly 65% of middle-class Indians (aged 25 to 45, earning income falling anywhere between 6 to 36 lakh per annum.) lack in insurance cover! The degree of severity noticeably rockets higher amongst those above the age of 45 years – an appalling 69% to be exact. 

 

In the present day economic conditions where expenses escalate exponentially as compared to one’s income; insufficient insurance should never be taken lightly.

 

Speaking in layman terms, under-insurance is as equally troublesome to zero insurance. Just think- What could be the point of eating a Jacket Potato when some part is uncooked? Wouldn’t it render your meal incomplete and you, still hungry? Or how pissed would you feel in case your mobile phone stops functioning due to insufficient call balance?

 

Now, in the same way, how do you think under-insurance leave your dreams? The answer is really simple – Forever hopeful, in queue.

 

Thus, if you want your insurance to bring you much benefit, begin with first ascertaining your exact insurance needs and then quantify them as per your personal needs & requirements. If you are unsure about the amount you need to be insured for or the premium you’d be required to pay to your insurer, you may make good use of online tools such as Insurance Calculators. 

 

Insurance Calculators are basically tools which helpto quantify insurance coverage requirements for you. They will basically ease planning for financial goals througha futuristic estimation of the premium amounts payable. Consumers will be asked for details such as the desired term of the policy, desired frequency of payments, the total sum to be assured, chosen insurance scheme, etc along with some necessary personal details. This information will support the preparation of a premium amount payment schedule.

 

A payment schedule shall further enhance user understanding of the insurance scheme and its magical protectiveplay. After all, in the case of the beloved who need to ‘be-loved’ for long and forever, there stands no place for uncalled compromises & sudden setbacks in the wicked disguise of under-insurance. 

As per need & requirement, consumers may browse the World Wide Web to search different calculators that are meant for different purposes, like – 

 

a) Wealth Planner Calculator,

b) Child Education Planner Calculator, 

c) Retirement Planner Calculator, 

d) Marriage Calculator &

e) Miscellaneous Premium Calculators.

 

So, sit back and let these calculators assist you in planning for all yours & your family’s wishes, dreams & desires. Yes, it’s time to start thinking of that long due holiday too!