My Blog List

Tuesday, February 28, 2012

Power of Savings


There are many people who wonder if they require life insurance.

At the same time, there are people who feel they have sufficient insurance to take care.

But life insurance is a must for every people. It can act as a savings as well as security for your family.

I can cite an example.

I am a South Indian residing in Mumbai. For conducting religious functions, we have priests. The priest had 2 children i.e. 2 daughters. When he was around 28-30 years, he used to earn very well and had the habit of taking insurance + saving a certain amount of money every month. Time went by and after 10 years, he started getting lots of health problems like blood sugar & blood pressure. Ultimately a stage reached when he was finding it hard to attend to his normal duties. Then he got one of his daughter married and thereafter survival became very difficult for him. A stage came when he had to spend a lot on hospitalization. Ultimately he passed away. Today his family (wife + other daughter who is yet to get married) are able to survive on the money the priest had saved through life insurance + little savings in hand.

This is the power of savings.

If you do it, if not you, your family will at least enjoy the fruits.

No comments:

Post a Comment