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The insurance covers that you should opt for when you start your career

By Somali K Chakrabarti

Landing with a first full-time job is an exciting and memorable occasion, no matter who you are or where you live. You’re perhaps in your twenties, recently graduated or maybe you’ve done your masters, and now you have embarked upon the professional journey. The thrill of getting disposable income in your hand makes you want to spend it lavishly. You’re in an upbeat mood, and do not you may not want to be weighed down by serious issues. Things like insurance may not interest you at the moment, rather it may seem like something that can surely be put off for a later date. But should it be?

Here are three reasons that tell you why you should buy insurance right at the onset of your career.QuoteonInsurance

  1. Life and health insurance get increasingly more expensive with age. Insuring early in your life also means that you save money by locking in a lower premium amount for the rest of your life.
  2. In your twenties, your liabilities are comparatively less, and so it is easier to develop the discipline of setting aside a part of your income for the insurance premium.
  3. Insuring early in life makes you financially savvy, and protects your and your family’s financial interests from risks and uncertainties.


To know what covers you should opt for, kindly click the link below, and read the rest of the post.

http://life11.org/2017/02/22/what-insurance-covers-should-you-opt-for-when-you-start-your-first-job/

 

To know about different Health covers that one needs at different stages of life,  you may refer to the following article:

Health Insurance cover you must get at different stages of life

You need to do due diligence and adequate research before selecting a product to suit your needs.

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Readers Comments (2)

  1. I agree it is important to have health insurance. In Australia, if you don’t have health insurance, you are liable to pay more tax. With health insurance here, you get things like subsidized or free dental and optical checkups and glasses and contact lenses too. Also, with some types of health cover here you don’t have to pay so much for an ambulance if you do need one. Although health insurance is quite expensive in Australia, I pay for it and try to use it as best as I can 🙂

  2. Thank you very much Mabel. Yes, that’s a valid point for India too. Tax benefits can be availed with insurance. It is important to be covered under health insurance, though paying for it may sometimes feel like a bit of a burden.
    Mabel, May I request you to copy this comment on the other blog. The link is http://life11.org/2017/02/22/what-insurance-covers-should-you-opt-for-when-you-start-your-first-job/.
    I am closing the comments for this post on this blog.

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