Men may be from Mars and Women from Venus, but if we are offered to travel to space, it’s still scary. Space travel isn’t everyone’s cup of tea that requires putting one’s life in danger and hence needs ultimate protection for life.

Getting your life insured is perhaps the first and foremost way to get protected and this certainly is not rocket science. Perils and dangers aren’t just a part of outer space and is inherent in every walk of our life and hence getting a term insurance plan is imperative and yet as simple as your morning cup of tea.

To be safe and secure in every direction and space that our life tosses us in, we all need to provide protection in the form of insurance a chance to be our well-being spacesuit. A little financial and investment planning in this aspect is just what we would need to make informed decisions to help us in meeting our financial goals.

We may not be able to jettison out of a spacecraft, but term insurance does provide us the ideal parachute to protect the financial future of our family and loved ones in case of any unforeseen mishap during the course of our flight of life.

May not be a preventive measure and something which can stop an eventuality from happening, but insurance is surely a pure protection of the financial future of your kith and kin. A few points which we need to keep in mind while taking a term insurance plan.

Do I need it? We are earning an income which sustains our family and our lifestyle and we wouldn’t want our family to compromise on them in its absence. Or we may have various financial liabilities which we won’t want to fall on our family members in our absence. If our answer to any of these questions is in affirmative, we need a term insurance and do a favour to our family members.

How long should I pay? The money is needed by our family when our earnings stop or when the liability falls due. Hence, our insurance should at least cover our earning years, i.e. till our retirement age or till when we presume our liability to fall due.

When should I start paying? The advantage of term insurance plans is that the premium once committed remains the same throughout the plan term even though the risk increases as we grow older. Since starting early hence has the big advantage of having to pay lesser premium for the rest of the term, one should ideally start insuring as soon as one starts earning while assessing the needs periodically to keep adding the cover as may be needed.

Won’t I get any returns? A term insurance is designed to provide a pay-out only in case of the demise of the policy holder and hence it is certainly not an investment to give you regular returns. But that’s how it is priced too, being the cheapest insurance cover possible. Should that really be a dampener; isn’t not getting a pay-out yet means you are still alive and kicking, the biggest and the priciest of all returns?

Is it simple to understand? Unlike several other insurance and investment plans where you need to deal with crunching numbers, term insurance isn’t rocket science at all. With no need to sweat while dealing with financial plans, it is the simplest form of insurance. You know the amount you pay for the term you choose and you know the amount your family receives in case of your unfortunate demise.

With all said and done about basic term insurance plans, isn’t it smarter to have a life and health cover in one plan. iTerm Plus is a comprehensive online Term Insurance Plan from Aegon Life with a choice of four plan options which offer different in-built benefits like accidental death and 36 critical illnesses.

Definitely not rocket science, but if you still are one of those who have a plethora of questions on what insurance, tax savings and investment planning are all about, Aegon Life has an amazing e-learning initiative called iKnowledge where you can have access to a wide array of knowledge designed to cater to all your insurance needs at different life stages, thus helping you to make informed decisions and help you meet your financial goals.

Let’s secure our family’s financial future with Aegon Life Insurance. You don’t need to rocket travel to another plan(et); you just need to plan(it).

About Aegon Life:

With a complete product suite of life insurance plans, superior technology, and customised service, Aegon Life Insurance Company Limited launched its pan-India operations in July 2008. As a joint venture between Aegon – world’s leading financial services and Bennett, Coleman & Company – India’s leading media house, Aegon Life Insurance adopts a local approach to facilitate customer interaction. Our vision to be the most recommended new age life insurance company has enabled us to leverage digital platforms that bring transparent solutions to customer needs. Our financial planning and investment solutions include term life insurance plans, pension plans, unit-linked insurance plans (ULIPs), health insurance plans, child education plans, and more.

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We all carry multiple responsibilities in our lives, be it our job, our business, taking care of our family; and while we get engrossed in these responsibilities which are created by ourselves and sometimes thrust upon us by the society, one thing which is pertinently overlooked is to listen to our body.

It might come as an astonishment to many of us, but it’s a fact that our bodies are exceptionally smart. We can avoid some serious medical conditions if we just take the time to listen to our body. When you experience a pain in some part of the body, your body is definitely telling you that something is not right; and so it is up to you to immediately figure out that it is a signal, a sign, and catch it.

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We all have dreams but most of them end up as just unachievable desires. We often wonder that when we had set our goals, why they still they remain unattainable.

Every goal in life requires money at the right time and in the right amount to make it into a reality. The problem with most of us is that we do not plan our investments according to our goals, but rather just invest in a totally unplanned manner.

If we throwback on our life, we would find that traditionally, most of us invest without any planning. An annual bonus at work or an inherited wealth is just invested for the purpose of ‘saving. Saving is certainly good, as pure pundits would also confirm, but not attaching a goal to the investment is what makes it almost worthless.

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