New Year 2022 Resolution – Buy Important Insurance Plans and Stay Prepared

Posted on: Jan 18, 2022 | | Written by:

New Year 2022 Resolution – Buy Important Insurance Plans and Stay Prepared

Published on January 18, 2022. EST READ TIME: 3 minutes

While the last two years have been a harrowing ordeal due to COVID, 2022 brings new hope in the form of vaccination drives and better awareness. So, now is the right time to make resolutions that are realistic, achievable, and can secure your future wellbeing and finances. Bearing in mind the issues we faced in recent times, like the pandemic, natural calamities, job insecurity, anxiety and depression, it is important to start 2022 on the right note.This includes following a healthy lifestyle, spending quality time with your loved ones, and securing your financial future with the right insurance policies.

Insurance policies, such as health insurance, home insurance,travel insurance and so on, are important investments that keep you covered against untimely expenses and prevent financial woes. So, adding them to your financial portfolio in 2022 is a sensible move.

Here’s what your New Year Resolution list should look like:

1. Renew motor insurance on time:

If you have a car or bike, remember to renew the insurance on time to stay away from legal issues.As per the Motor Vehicles Act 1988, you must have a valid driving license and motor vehicle insurance when you’re taking a car, bike or any other vehicleout on road. Driving without a valid vehicle insurance policy is a legal offence in India. In case you are caught with a lapsed motor insurance policy, you can be fined or put behind bars.

A motor insurance policy offers many benefits to policyholders. It covers your vehicle against accidents, fire, natural calamities, theft and other issues. What’s more, you can also buy important add-on covers, such as emergency assistance cover and engine and gearbox protection cover for better protection. Hence, take the resolution to keep your motor insurance policy active by renewing it on time.

2. Follow healthy lifestyle habits and take health insurance as well:

Keeping the COVID-19 pandemic and other infections and illnesses in mind, this is probably one of the most important resolutions to make and follow. Besides having a healthy diet, exercising regularly and following other healthy lifestyle habits, you must cover yourself and your loved ones with adequate health insurance policies.

A good health plan covers hospitalisation bills, pre and post hospitalisation expenses, daycare procedures, home healthcare, mental healthcare and more. In case of a medical emergency, you can also avail cashless treatment at a network hospital without any hassles. Now, when healthcare costs are skyrocketing everywhere, health insurance is an important part of financial planning as well. When you have a health plan, you can opt for the finest treatment without fretting about the bills.

3. Travel to new places but with travel insurance:

Travelling to new places, meeting people and trying a range of delectable foods is always fun and exciting. However, travel also comes with its own set of risks. You might miss your flight, lose your luggage and personal documents or fall sick during the trip.Such issues can be quite stressful, especially when you are travelling to a new country. This is when having a travel insurance policy helps. Travel insurance covers a range of medical, journey and baggage related expenses and saves you from both mental and financial stress. For instance, in case you fall sick and are hospitalised, the insurer will reimburse the money you spend on your treatment. Or if the insurer has network hospitals in the country you are travelling to, you can avail cashless treatment. Similarly, in case your flight gets delayed, the insurer will reimburse the money you spend to buy the essentials. Hence, make the resolution to take travel insurance whenever you are travelling overseas for work or leisure.

4. Buy home insurance:

If you haven’t taken home insurance already, make a New Year resolution to take it this year. A home insurance policy is an important investment that covers the structure andcontents of your property against loss due to natural calamities and manmade events. Since natural calamities, fire, theft, burglaries and electrical breakdowns can happen at any time, it is always wise to take home insurance and stay covered against these untimely expenses.

A good home insurance policy offers a host of benefits to policyholders. Besides covering the structure and contents of a property, the insurermayalso arrange for an alternate accommodation if your house gets damaged and becomes unfit to live in due to a natural calamity or manmade event covered by them. You can also choose add-on covers for jewellery and electronic appliances by paying some extra premium.

5. Save for the future:

This New Year, also make the resolution to save more for the future. The COVID-19 pandemic has taught us how things can change within a few days. Many businesses were temporarily closed or shut down for good and many jobs were lost. Considering how unpredictable life can be, make it a point to save more from this year for yourself and your loved ones.

Besides cutting down on some unwanted expenses, you can increase your savings by taking the right insurance plans, like health insurance, home insurance and more.

Conclusion

In 2022, make the resolution to improve your health and finances for a better future. And while making a list of New Year resolutions is easy, you must take the necessary steps and fulfil them as well. Hence, cover yourself and your loved ones under a good health insurance policy and invest in home insurance, travel insurance and other important policies as well.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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