A family depends on the income of its breadwinner for its sustenance and for maintaining a chosen standard of living. Every family will have certain aspirations to have a decent life, to provide a standard education to children leading to their worthwhile employment, to arrange and celebrate suitable marriage for daughters, to own a roof to live under, to have good medical care for all members and of course to have financial independence and stability in old age to lead an honorable life till the end. All these depend upon the regularity with which the earning members of the family, especially the breadwinner brings income to the family and the family's spending and saving habits.
Life is uncertain. But the perils faced by human life are certain. Death may take away the breadwinner permanently from the family. But disability is much worse. The individual not only meets his economic death due to disability but also becomes a burden to the family. Yet another peril is the risk of living longer, ushered in by today's medical technology. It is rightly said" An old man's greatest burden is an empty purse". Dependence on one's children, however, loving and affectionate they may be, is becoming more and more difficult and impossible. Economic dependence is an enemy of self-respect for an individual as is the case with a nation.
The Trinity, viz., death, disability and old age lead to the economic death of an individual. One day he may be earning a five-figure income per month, but the very next day, when one of the above strikes, the income can become zero. Out of the three, the third one i.e., old age can be predicted accurately. The other two are not amenable to prediction by human intelligence. They are still the domain of God or Fate. When income stops neither the individual nor the family will have anywhere to go. How, then, can such a family fulfill their legitimate aspirations in an economic sense? Who will come forward to redress their grievances? Probably life insurance is the only solution available to the breadwinner of each and every family to safeguard his family members from financial problem which is likely to arise due to his untimely death or accident or at old age. Insurance is essential for all the sports persons than others. You can claim insurance for any sports related injuries treatment medical expenses.
The Author Is a professional Skating Trainer and health consultant, provides skating training for all the age groups in Bangalore. He supplies quality skating products in Bangalore
Life is uncertain. But the perils faced by human life are certain. Death may take away the breadwinner permanently from the family. But disability is much worse. The individual not only meets his economic death due to disability but also becomes a burden to the family. Yet another peril is the risk of living longer, ushered in by today's medical technology. It is rightly said" An old man's greatest burden is an empty purse". Dependence on one's children, however, loving and affectionate they may be, is becoming more and more difficult and impossible. Economic dependence is an enemy of self-respect for an individual as is the case with a nation.
The Trinity, viz., death, disability and old age lead to the economic death of an individual. One day he may be earning a five-figure income per month, but the very next day, when one of the above strikes, the income can become zero. Out of the three, the third one i.e., old age can be predicted accurately. The other two are not amenable to prediction by human intelligence. They are still the domain of God or Fate. When income stops neither the individual nor the family will have anywhere to go. How, then, can such a family fulfill their legitimate aspirations in an economic sense? Who will come forward to redress their grievances? Probably life insurance is the only solution available to the breadwinner of each and every family to safeguard his family members from financial problem which is likely to arise due to his untimely death or accident or at old age. Insurance is essential for all the sports persons than others. You can claim insurance for any sports related injuries treatment medical expenses.
The Author Is a professional Skating Trainer and health consultant, provides skating training for all the age groups in Bangalore. He supplies quality skating products in Bangalore