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Are you the breadwinner? , Have you prepared your Family for life's unexpected circumstances?
What is Insurance?
It is a contract between the insured and the insurance company whereby the insured financial risk is covered by the insurance company. The risk can be of your vehicle, property, legal etc. So effectively, you pass on the risk to the insurance company and they charge you a nominal sum of money for taking that risk which is called Insurance Premium.
Why Insurance?
It is said that Rama, Krishna, Bhishma and Buddha, knew the time when they would leave this world. To put simply, each of them come to live with their disciples with a mission or set of responsibility to fulfill. Does any one of us know when something will go wrong with us and whether that time our responsibilities to fulfill. Does any one of us know when we something will go wrong with us and whether that time our responsibilities would be over or not? We all know that in life unexpected is always expected. Our life is full of uncertainties with lot of goals, short term goals, long term goals, known goals – unknown goals. We are all born with some responsibilities to fulfill…..but we do not know how much time we will get to fulfill those responsibilities.
What if anything goes wrong to us, who will provide financial security to the family. Who will fulfill all the dreams that you would have thought for. This is where insurance can help you. Insurance is one of the greatest inventions in the field of personal financial products. But it becomes fatal to financial life and costly once you end purchasing a wrong insurance solution.
Insurance is an Expense
Let’s try to answer the question through a analogy. Do you know that the world’s tallest building Burj Khalifa at Dubai, which is 828 meters high and has a foundation of 320 meters below the earth level made out of concrete and stainless steel. This means that to see a masterpiece you need to invest in its foundation. And we all know foundation has no visibility but it is a major part of cost. So any expense which gives a foothold and act as a security towards unforeseen circumstances, is worth spending.
Insurance as Investments
Investment Linked Products (ILP) , is a kind of Insurance wherein the policy owner have the opportunity to invest on Stocks of companies, Real estate, Bonds, and other investment instruments through the company's expert fund managers, and invest the premiums to get returns depending on the risk tolerance of the client.
Start with P30,000 annual premium and choose among our investment channels
