The 4 Most Important Things To Buy This Year
As the country continues to battle the dreaded Coronavirus, we are certain that you have rethought your priorities and wish to plan ahead for yourself and your family. This requires focussed thought, the right investment options and a clear roadmap. You can start with buying the most essential things, whether insurance or an asset, that protects your income and loved ones from future financial peril. This article details the most essential items that you will need from now onward, to ensure a happy and stable home life and future.
We present the 4 most important things you should buy this year:
#1 A term insurance plan.
Recent events have shown how unpredictable and uncertain life is. But instead of brooding over the future and how your family can cope in your absence, why not invest in a good term insurance plan that protects their needs? You can buy term life insurance from India’s leading insurers, for affordable premiums and high sum assured amounts that protect your family’s interests when you are not there. Term plan insurance pays for all their future goals and needs even with the loss of your income. Do buy a term plan online today and start the journey towards future safety.
#2 COVID health insurance.
At a time when the Coronavirus shows no signs of abating, it is time to rethink your outlook on healthcare spending. Do you have sufficient savings and/or investments that can pay the high healthcare costs in India? Suppose you and your family get infected with COVID – do you have enough funds to pay for each member’s treatment? If not, it is time to invest in a health insurance plan that pays the costs of treating COVID, from home treatment to hospitalisation. Leading insurers have both family (Corona Kavach) and individual (Corona Rakshak and Corona Kavach) plans specifically for Coronavirus treatment.
#3 A house of your own.
If you have been living in rented accommodation with your spouse and/or children, it is time to invest in your own home this year. A house you own gives you and your loved ones permanent shelter and creates a high value asset for you. Indian realty is stagnant at the moment, so you are bound to find some good homes at a suitable price. Home loan lenders are also eager to sign on new clients, so you might get lower interest rates and flexible repayment terms, too.
#4 A car for the family.
Nobody can predict when the Coronavirus will stop being a threat, but experts agree that the virus may take at least two years to stop being dangerous. Till then, it is important to maintain social distancing and create a bubble of safety around yourself and your family. Why expose yourselves to harm in public transport? Buy your own car this year and travel with your family in safety and comfort.
Which of the items above will you opt for first? Tell us in the comments below.