52 years ago, three astronauts decided to embark on the Apollo 11 mission- the 1st manned endeavor to land on the Moon.

But they were going without life #insurance since no insurer was willing to take the risk.

So they came up with a clever plan👇 (1/n)
Imagine being selected as the first human to set foot on the moon. But here’s the catch: you're going without life insurance.

So, if you die on the mission, your family will have to fend for themselves.

This was exactly the situation Apollo 11 astronauts found themselves in.
See, the risks were sky-high (literally). The rocket could combust, the landing could flop, and whatnot. In fact, during the Apollo 1 rehearsal, a capsule caught fire and the entire crew died.
As you can guess, with such high risk, insurers were hesitant. Some straight-up refused, some offered inadequate coverage, while others asked for an exorbitant amount. NASA kept mum, terming flights as “high-risk and experimental".
Left on their own, our astronauts found an innovative way out—Apollo Insurance Covers.
You see, our astronauts realized they were quite the famous bunch. So why not use the fame?
One month before departure, they signed hundreds of envelopes to be postmarked on launch day and left these with their families.
They figured their demise would certainly get them publicity, and fetch their families a hefty sum on sale—yes, they created their own insurance from autographs!
They did return safely but these covers became a tradition all the way till Apollo 16 missions.

And hey, while we can’t insure space travels, we can help insure your life here on Earth. Let us help you select the best health & life insurance now- bit.ly/3ADvAKf (n/n)

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More from @joinditto

9 Dec
Which term insurance should you choose:

Regular term insurance vs term insurance with 'limited pay'?

Thread.👇 (1/n)
Generally, for a term plan, a longer cover means a lengthy duration of premium payments.

This could involve paying premiums even after retirement to keep your policy up and running.

👉Well, not if you have a limited premium plan.
💡This plan asks you to pay premiums for a limited term (could be 5 years, 10 years, etc), but your cover continues for a longer duration.
Read 9 tweets
25 Nov
Why should you buy health insurance at an early age?

A thread.👇(1/n)
#1 Better prices

Since the insurer is at a lower risk of getting claims, you can get a large cover at low premiums. But do note that these will increase with age.
#2 Comprehensive covers

Healthcare costs keep rising, so your company cover may fall short. Getting an individual cover early can provide you with adequate protection over and above your corporate plan. You’ll also be in a secure spot after retirement.
Read 9 tweets
24 Nov
44% of people from our recent poll believe that one should choose a term #insurance plan with '2 cr cover till 85' over '3 cr till 65', assuming they cost the same.

But that might not be such a smart move, financially speaking, and here's why. 👇 (1/n)
The thing is that a term insurance plan is most effective when your absence deals a financial blow to your family.
God forbid, if something unfortunate happens to you when you're in your 40s or 50s, your children might be young & your spouse may be unable to single-handedly bear the brunt of it all.
Read 8 tweets
21 Nov
What if your insurance company goes bankrupt?

Thread.👇(1/7)
You’re a diligent policyholder. You make timely premium payments. So, if the need arises, you’ll obviously expect your insurance company to meet your claims in full.

But, one question looms over you: will my claims be thrown under the bus if my insurer goes under? (2/7)
The answer’s no. Tell you why.

See, it’s not like someone decides to start an insurance company today, & it materializes tomorrow. There are strict regulations at play here.
(3/7)
Read 7 tweets
20 Nov
Did you know you already have 10 LAKHS worth of free insurance with your debit or credit card?

Here's all you need to know about how to claim it.

A thread👇(1/n)
Guess what?

ATM, Credit, and Debit cards aren’t just for shopping and banking.

What most people don’t know is they have other less-known benefits too. Like complimentary insurance!
Almost every bank provides Personal Accidental insurance to customers with an operational bank account.

👉Depending on the type of card, this cover ranges from ₹50000 to ₹10 lakh.
Read 7 tweets
18 Nov
Everyone's buying term insurance before premiums get hiked by almost 40% this December.

Here's all you need to know about which add-ons you should consider if you're buying a term plan.

A thread.👇 (1/5)
1.) Life Stage Benefit

Term insurance policies are rigid- coverage stays the same till the policy expires.

👉With a life stage rider, the insurer provides the flexibility to increase cover by a certain amount during major life events like getting married & having kids. (2/5)
2.) Waiver of Premiums

Imagine you get disabled (it’s a painful thought, I know). You lose your job, and your family suddenly has no income.

But you have a life insurance policy. Who will pay the premiums?... (2/6)
Read 6 tweets

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