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Importance of making informed decision

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Importance of making informed decision
April 18, 2019
This year, with 900 million eligible voters, India will be witnessing the largest election the world has ever seen. While every eligible citizen might not turn up to make their voice heard, the country is expecting its highest turnout till date. In 2014, only 66% of the eligible 843 million voters were able to cast their ballots. It is our right/responsibility to vote It will take a little time to review our candidates but it's vital that each eligible voter votes. Because our vote will change not only our future, but also the future of our fellow 1.3 billion countrymen.

Making an informed choice for our future and our family's future doesn't just apply to the ongoing General Election. It's something that we need to implement in all other areas of our life as well. This is especially true when we're in the market looking for term insurance. A term plan is an insurance tool that guarantees financial protection to your family in case something unfortunate were to happen to you.

One of the best ways to protect the future of your family, besides casting your vote for the right leader, is to buy a term life insurance plan. To help you make an informed choice about the term plan for you, these are a few things you need to consider:

  1. Your Needs:

    Many people make the mistake of purchasing a term plan simply because somebody told them they should or because they will get tax benefits. This is also why some people vote for particular candidates. Instead, take a moment to think about why you need a term plan and then look at all your options. Choose that plan (or candidate) which offers you the kind of protection that you need.

  2. Inflation:

    While considering the cover amount, it's vital that you think about the rate of inflation. These are important considerations that will allow you to provide adequate financial protection for your loved ones.

  3. Flexibility:

    Certain term plans allow you to choose how your family will receive the payout. Look for policies that provide you with the option to get a monthly income or a lump sum payment based on your family's needs.

The time has come to make an important decision . Each and every one of us needs to choose a plan and a candidate that commits to its promises. After all, your future is in your hands alone, so you need to make a wise and informed choice.

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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