RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Life Insurance Success Stories - Importance of Life Insurance

down-arrow
November 04, 2016

How Life Insurance Powered This Family’s Journey Towards Self-reliance?

If you are one of those people who believe that insurance is good only for saving tax, you are far from the truth. Insurance can serve as a piggy bank where you can buy a variety of insurance policies to save the money lifelong. Think of it like the fire extinguisher you are required to keep in your home or office—perhaps you may never have to use it, but when an actual need arises, you are so glad it is handy. In the same way, if you have unpredictable expenses such as car repairs or medical bills cropping up,insurance can become a financial life saver. 

There is no way you can avoid the unexpected tragedies of life, and of these, death is the most unexpected. If your family is financially dependent on you, you need to make sure there is enough financial security for your loved ones even after you are gone. Whether it is paying for household expenses, securing your offspring’s future, or making sure your parent or spouse gets the much-needed financial support to maintain their standard of living, life insurance can help compensate for the inevitable financial consequences when you are no more. Life insurance can also help your loved ones repay any outstanding debts or mortgages you left behind.

You may perhaps believe that you can save enough money to replace your assets, should anything happen to you. However, considering the uncertainties that life is all about, have you ever asked yourself the question: ‘What if something happens to me? Will I be able to provide a financially-secured life for my loved ones?’ The question may, all of a sudden, come as a revelation to most of us, but for Aditya Sharma, a professional from Kanpur, life insurance has always been an integral part of his overall financial plan. He attributes this to his father who, despite being a man with a disciplined approach to saving—he would always advise his children to “save for a rainy day”, understood that insurance was imperative to cover his loved ones from risks.

Aditya reveals how his father opted for a life insurance policy early in his life after calculating the finance the family would need if something were to happen to him, taking into account things like living expenses. He didn’t know it at the time, but making life insurance a part of his family’s financial blueprint would turn out to be the smartest financial decision he would ever make.

Aditya and his brother were of school-going age when their father passed away. How did the family deal with the uncertain times ahead? Aditya admits that they were “afraid that the money would dry up”, but reveals that thankfully, the settlement from his father’s life insurance policy saved the day. 

But don’t just take our word for it. Watch this video where Aditya Sharma shares his story about life insurance, and how it made all the difference when his father passed away.

Insurance plans from HDFC Life can help you financially protect your family.

Similar Articles:

 

Buy Life Insurance Plans

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

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.

LinkedIn profile
Author Profile Written By:
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.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

Blue Chip Fund

Blue Chip Fund

"Blue chip fund invests in stocks / shares of well-established companies with credible financial performance, market capitalization & steady payout of dividends."

Diversified Equity Mutual Funds

Insurance Overload: Are You Hoarding Policies Instead of Securing Your Future?

Single Premium Term Insurance: Meaning, Benefits & Types

Explore the details of a Single Premium Policy in term life insurance. This guide provides insights into its meaning, benefits, and types, offering a comprehensive overview.

Single Premium Term Insurance: Meaning, Benefits & Types
How Life Insurance Secured This Family's Future Previous
Heroes of our Freedom Struggle Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches