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Better Safe Than Be Sorry

Team AckoFeb 24, 2025

At this age, your child has a lively curiosity about everything. While this urge to know and find out is very healthy, it may also be dangerous if unchecked or unsupervised. And nothing piques a child’s curiosity more than something from which he is blocked or shielded.

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Financial Insights: From Health to Life Insurance

If you try to give your child a list of do’s and don’ts without explaining its implications, it may be difficult for him to understand what you are putting forward to him. He will develop an even greater curiosity towards it. For example, you may forbid him to lean from the terrace. But if you do not explain the reason for this instruction – that he could fall down – then he may be likely to go and try out that very action.

Make your explanation relevant, but simple and child-friendly. Use anecdotes, stories or incidents which your child can relate to. The consequences of any action and the necessity of precautionary measures have to be explained.

Financial Insights: From Health to Life Insurance

Health insurance is a critical tool for managing unexpected medical expenses. It ensures families can access essential healthcare when needed and offers a financial cushion during medical emergencies, reducing the strain of unforeseen costs.

On the other hand, life insurance focuses on providing financial security for loved ones in the event of unforeseen circumstances. A life cover guarantees stability, like a safety net for families. One particular form of life insurance, term insurance, provides substantial financial support to safeguard a family's future. For example, a 1 crore term insurance policy with a 20-year duration offers long-term protection, affordable premiums and peace of mind. Using online resources such as a term policy calculator helps estimate the right coverage amount, premiums and more, simplifying the entire decision-making process to a new level.

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Disclaimer: This content is for informational purposes only, based on industry experience and secondary sources. It is not a substitute for professional advice. Please consult a qualified expert for health or insurance-related decisions. Content is subject to change, refer to current policy wordings for specific ACKO details.

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