Term Insurance

How to Take Care of Your Spouse in Your Absence

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Delhi-based management consulting professional Komal and Aditya , both 30, has been married for over five months. They have so many things in their bucket list including discussion on money matters. While one might think money is a subject that does not quite gel with love, it is a crucial factor in marriages. The growing familiarity has also led to them being dependent on each other—physically, emotionally, and financially.

With life being unpredictable, though, one can hardly know what could happen in the near future. With the security of having your spouse helping you with every single decision you make, the loss of a spouse can be more devastating than any other loss.

In case a couple shares household responsibilities equally, it can be jolting to find that one day you or your spouse would have to manage everything on their own with no one to rely on. Even if you are aware of a possibility of the impending doom, perhaps a chronic illness, you can never be truly prepared to see your loved ones leave them forever. After becoming habituated to the security and companionship your spouse provides, it would be nothing less than difficult to fall into a pattern of living without that companionship and security. To avoid a scenario such as this, it is important to secure the future of your spouse—at least as far as finance is concerned, so that he/she will never have to be dependent on others or be faced with a perplexing situation.

A term plan is a reasonably priced way to give you and your family members peace of mind, knowing that they will be sheltered if something happens to you. You no longer have to worry about their financial future as by your simple move they will be able to continue their current lifestyle.

You should opt for a term plan which can give benefit to your better half so that she can perform all the duties on your behalf. At this venture, Edelweiss Tokio has launched a new product Zindagi Plus in which you will get the ‘Better Half Benefit’. Under which, after the death of the policyholder, a life cover will start in his/her spouse’s name which will be 50% of the life cover of the policyholder, up to Rs 1 crore. The spouse won’t have to pay any premium and the nominee will also get the sum assured. A very important feature of this benefit is that it also covers housewives too. The policy will continue till the end of the actual policy term.

With Zindagi Plus your wife can take care of your kids and parents and protect them from future financial crises in your absence. Zindagi plus has been specially designed to let you give that assurance to your better half even when you are no around. Thus if you don’t want your family members to face financial difficulties during such uncertainties a term plan should be your first priority.

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