Imagine you’re an Olympic Athlete. You’ve spent years preparing for this moment, and now it’s your time to shine.
The weight of the nation on your shoulders and the pressure to bring home the gold. Yet, you must remain calm and composed.
But then the unthinkable happens. You’re met with a career-ending injury. What now?
You lose sponsors, but more importantly, you most probably won’t ever be able to play the sport you dedicated your life to. It seems like you’ve hit the end of the road.
Only it’s not the end just yet.
The thing is, most professional athletes are financially prepared for career-ending injuries.
This is called Total and Permanent Disability (TPD) Insurance, and it provides them with a lump sum payment if something unforeseen happens and they are deemed medically unfit to train/work again.
This could assist in maintaining a certain standard of living, covering children’s education, and paying off any debt still due.
Basically, getting a new lease on life.
And it’s not just insurance for Olympic athletes or other sports professionals, but for people of all walks of life.
Your life could change in a split second, and everybody needs to protect their downside.
Have any insurance queries? Make sure you #AskDitto!
Does insurance cover treatments that last <24 hours?
A thread.
👉You are out playing a game of cards with your friends. Suddenly you feel a sharp twitch in your abdomen.
It's odd, but these things keep happening to you all the time.
So you don't pay a lot of attention. A few moments pass. and then suddenly the twitch is there again. This time it doesn't go away. Instead, within a moment the pain intensifies.
If we had to personify him, it would probably be a middle-aged man in a modest home, collecting premiums and living his life.
But late at night, he is also troubled by the fact that someday, a flood or a pandemic could put him out of business or at least adversely affect him. But that's what you pay the premiums for, to transfer your headache onto this guy.
These furry little creatures carried the bubonic plague and in the French colony of Hanoi, officers were livid to see their numbers grow exponentially.
Did you know Mr. Bean's actor holds the title for the largest auto insurance payout in the UK- a whopping £900k!
A thread.
We’ve all seen Mr. Bean’s antics on TV, and though he might have incurred millions in damage on his infamous fictional show, Rowan Atkinson’s McLaren F1 accident surely takes the cake. So, what exactly happened?
In 2011, Rowan Atkinson was in an accident involving this famed car, and though he walked away from the incident relatively unscathed, the same couldn’t be said for his car.
Some unusual insurance policies that you've probably not heard of.
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1.) Death by Laughter Insurance
So you think you’re so hilarious that you could make people laugh themselves to death? Well then this is the perfect insurance for you.
Introduced by Lloyd’s of London, this is a unique kind of liability coverage designed to protect stand-up comics or anyone who has a killer sense of humor, literally.
👉Did you know that your insurer can restore your #insurance cover after you've made a claim?
How exactly?
A thread...
👉It’s a Sunday morning and you’re sipping coffee on the hospital bed. You are thinking about how a small heart complication forced you into a 3-week stay at the hospital.
More importantly, you’re thinking about how you racked up a bill totaling ₹4,88,000.
👉Thankfully, your insurance policy is going to take care of the burden. After all, you have a ₹5 Lakh cover. So you don’t have to pay anything right now. But you start thinking about other possibilities.