The modern era has seen a drastic change in the outlook of the younger generation towards their seniors. It is heart wrenching to see that many of the younger people leave their old and helpless parents to fend for themselves in an age when they need a lot of support from their kids. At this old age they are sick and weak, so they constantly need attention and medical help.

 But, the hectic cosmopolitan lifestyle of the children does not allow them to give enough time to their parents and the growing inflation rate has made matters worse. The poor old parents have to literally be at the mercy of their kids for financial as well as emotional support. Old age Insurance policies have provided a tremendous relief to this older generation financially and due to this reason, old people feel more secure and relaxed.

In the same way those people who have kids feel worried for their health and education, for them too there are numerous policies, wherein they can avail various financial benefits, when their contracts acquire the maturity period they get the benefits of these policies.

Old Age Insurance Policies
Insurance companies offer various kinds of short and long term cash back policies for old people, as they want the security of having money in their banks, rather than any other security. Many of these policies offer short term maturity as well, so that the money invested is doubled in a short period of time. With these policies the old people feel free of the dependence on their kids and they lead a life full of tranquility.

Child Age Insurance Policies
Children grow very rapidly and when they grow their demands also increase, especially the financial requirements for their schooling has become very expensive. Schools and colleges and their fees are a bit too much these days and if parents don’t make policies for the future of their kids according to their age, then they are doomed. When a child reaches the age of 18 to the age of 21 he  has a lot of educational and personal demands  to be fulfilled .The parents can take the child age insurance policies and feel secure that, if something  happens to them then the financial needs of the kids are taken care of.

Child Birth Insurance Policies
Nowadays hospital fees have been escalating like anything and when a woman is pregnant then, she needs utmost care and the expenses during delivery are also very high. Many people take Child Birth Insurance policies to reclaim all the money that was spent in child birth or operations. This policy is boon to many underprivileged people also, as they can benefit from these policies when in need.

Child Education Insurance Policies
Education has become a very costly affair these days. If you have to admit your son or daughter to an engineering college or to a medical college or for that matter any other profession, you need to spend lakhs of money to do so. Here again Insurance companies help you out in paying for the fees for your kids as you just need to buy these policies at the right time, so that when they need it they can use it.

Conclusion
Henceforth you see that how various policies help your aged and kids alike in difficult times. Insurance policies have brought about a revolution in the thinking process of the people. Now people are no longer insecure with regard to their future, as they know that their financial needs will be taken care of by trusted hands.

Neetu Jawle

Agastya Financial Services

Email :   agastyaassociates.an@gmail.com

Url     :   agastya-financial.blogspot.com