These Everyday Things Cost More Than Life Insurance

Did you know that many everyday things cost more than life insurance? There are a number of things that you mindlessly spend money on, without realizing how they are adding up to a lot more than what you would spend on term plan premium.

Many people in India consider term insurance as diversion of funds from more important uses to a less important function. This mentality needs to change. Taking adequate term insurance is not only essential, but it also works out much cheaper for the family, should anything happen to you. You just need to be aware and make the right choice.

Here’s a look at some of the things that are more expensive than taking life insurance.

  • Frequent Trips to The Supermarket

Here’s a question: how many times do you pop into the supermarket on your way home from work? Once a week, twice, thrice? Consumer behaviour research shows that most people go to the supermarket more than they really need to. And on each trip, they end up buying at least one item that they do not really need. This could be true of you also.

Just check how much you spend on your supermarket trips in a month. The answer might surprise you greatly. It is quite possible that over the years, you have bought many unnecessary things that are simply lying around unused and unopened. If you make a list of what you need before going to the supermarket, you will save quite some money in a year. Use it for term insurance.

  • Eating Out Too Often

While all of us like to eat out now and then, some people tend to make it a habit. Not only is eating out too often bad for your health, but it is also bad for your pocket. Restaurants charge you not only for the food but also for the ambience, the service. And then there are the taxes. All in all, it adds up to a lot.

You would do well if you curb your trips to the eatery and eat at home instead. Moreover, you will be quite surprised to know the amount of money you save in a year if you just cut down eating out and limit it to once a week or so.

  • Taking A Cab to Office Every Day

If you are going to the airport, or there is a health emergency, or you are really late for work, taking a taxi is understandable. But must you take a cab just because you always run late? If you take the trouble to leave home in time, you will find public transport will suffice when it comes to your daily commute to the office. Cutting back on taking a cab will result in significant savings, and that means spare money that can be put to better use, such as taking life insurance.

  • Buying Branded Clothes

Branded clothing costs almost double of unbranded clothes. You might want to sport a branded T-shirt or jeans to announce your status, but unless you restrict buying branded stuff to once a year or so, you will end up wasting a lot of money.

When you buy branded apparel, you are just enriching the big name that owns the brand. More often than not, an unbranded item is just as good as a branded one. They just charge you for the label. If you shop intelligently, you can use the money you save sensibly.

  • Smoking and Drinking

Are you a smoker? Do you enjoy your evening drink? Has it become a habit? If your answer is yes, you are wasting money big time. It’s okay to have an occasional drink, perhaps, but there is no excuse for blowing up money on smoking.

Not only is it appalling for your health, but it is also burning a hole in your pocket as well. Imagine the amount of your hard-earned money you can save every year if you give up smoking and drinking. The benefit is all yours.

To conclude, it is a good idea to be aware of the everyday things that cost more than life insurance. If you cut out the unnecessary spending, you will discover that term insurance is quite affordable. Further, reputable insurers like Future Generali offer many benefits with term plans, like tax benefits, riders, flexible premium payment terms etc.

So, don’t spend unintelligently; use your money to safeguard your life and secure the future of your family.


Ajay Deep

Ajay Deep is a young enthusiast who Loves Chandigarh and is always eager to make this beautiful city even more beautiful. A Mechanical Engineer By Chance and Working in an IT MNC by Choice. A Writer, Photographer and a Budding Entrepreneur. A Designer, Developer and Digital Marketing Expert. In brief : A Jack of All Trades and Master of Few :) You may reach Ajay Deep at
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