The Ultimate Trick To Accident-Proof Your Wallet!😱ðŸ˜
Hello there!
Did you know that more people are injured each year by falling coconuts than by shark attacks? It looks like coconuts are the real stealthy predators of the beach! Speaking of accidents...
What I was up to: Life has a funny way of surprising us, doesn't it? Just when I thought I had my hands full with being a new parent, the universe decided to add a dash of "unexpected" to the mix—a broken foot. Now, not only am I mastering the art of diaper changes and baby giggles, but I'm also moonlighting as a "one-footed wonder." This couldn’t have come at a worse time because I am holding the fort at work since Sayali is finally taking a well-deserved vacation. So, in short, it’s been a whirlwind of a week, *phew*
Spoiler alert: Accident-proof money hack in the end!! 🤑💰
Market ka haal: In the financial world, recent times have been as unpredictable as my daily routine. Global markets experienced a tumble following a significant credit rating downgrade of the U.S. economy with declining credit ratings dropped that shook investor confidence and caused a sell-off across equity markets worldwide. This downgrade was attributed to factors such as mounting U.S. government debt, concerns about fiscal governance, and potential economic setbacks.
The Reserve Bank of India (RBI) recently decided to maintain the repo rate at 6.5% yesterday and as a result, Sensex & Nifty took a dip closing at 65,660 and 19,539 respectively as the central bank governor raised concern about the evolving inflation situation, and hinting at future rate hikes. 📈
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Humara Gyaan: Life is an unpredictable journey, and while we can't foresee every twist and turn, we can certainly take steps to safeguard ourselves and our loved ones from the unexpected. One thing that’s worse than dying in an accident is being permanently disabled and needing care round-the-clock for the most basic needs. Now I am not intending to scare you but the reality is that it takes a huge toll on your family physically, emotionally, and financially.
While life insurance provides a vital safety net, it focuses solely on offering financial support in the event of the policyholder's passing. Accidents, big or small, can disrupt your life in unforeseen ways. Enter the hero of our story—the Personal Accident Policy. This isn't just an insurance policy; it's a safety cushion against life's uncertainties.
A personal accident policy not only pays at the time of death but also financially secures you and your family in the event of an accident. It tries to curtail financial constraints that may arise due to income loss. Even, minor accidents like falling off a bicycle or fracturing a foot like I did can be covered by such a policy. Especially if you have dependents like young children or aging parents who rely on your income, you need to consider getting such a policy.
Here’s what a Personal Accident Policy usually covers:
Accidental death benefit
Permanent total disablement
Permanent partial disablement
Temporary total disablement
Education grant ( For upto 2 dependants)
Navigating the aftermath of an accident is emotionally taxing in itself. Adding financial stress to the equation is the last thing anyone needs. Take a moment to seriously consider opting for a personal accident policy. Share this important decision with your family—it's a collective investment in your well-being. And if you encounter someone dealing with an accident, extend a hand of kindness. Even a simple gesture like delivering a homemade meal can provide immeasurable relief, even if it's just for a while.
Have a lovely weekend!
Niyati ♥
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