Last week in Mulund, Mumbai, a metro construction slab collapsed onto the road below.

A few days before that, CCTV footage went viral of an SUV ramming into a couple on a scooter.

Two ordinary evenings.
Two routine commutes.
Two lives that did not wake up expecting disruption.

News cycles move on quickly.

EMIs don’t.

We Assume Continuity. Life Doesn’t Guarantee It.

Every month, your salary arrives.
Your business generates revenue.
Your investments compound quietly.

We build financial plans assuming one silent constant:

You will continue earning.

But what if that assumption breaks?

Not dramatically. Not permanently even.

Just temporarily.

An accident.
A hospitalisation.
A disability.
A medical emergency that sidelines you for six months.

The question is not morbid.

It’s mathematical.

If your income stopped tomorrow,
who pays the bills next month?

Most Families Are One Event Away From Financial Stress

We insure our cars because it’s mandatory.
We insure our phones because they are expensive.

But the person generating ₹15–50 lakh a year?

Often underinsured. Sometimes uninsured.

Here’s the uncomfortable reality:

• One major hospitalisation in Mumbai can cost ₹8–20 lakh.

• ICU stays can cross ₹1 lakh per day.

• Long-term rehabilitation can quietly drain savings.

• Disability can reduce income without reducing expenses.

The risk isn’t only death.

It’s disruption.

Three Protections That Separate Stability From Shock

Let’s simplify this.

There are three events that can financially destabilise a family:

1. Death

2. Disease

3. Disability

Each requires a different layer of protection.

1. Term Insurance: Income Replacement

If you are the earning member, your income is an asset.

Term insurance converts that income into a lump sum if something happens to you.

No investment angle.
No “returns.”
Just protection.

A rough thumb rule:
10–15 times your annual income.

If you earn ₹20 lakh annually, ₹25 lakh cover is not planning — it’s optimism.

Company-provided cover is not enough.
Jobs change. Policies change. Life does not consult HR.

2. Health Insurance: Protecting Capital

Medical inflation in India runs between 10–15%.

What cost ₹4 lakh five years ago can easily cost ₹10 lakh today.

One hospital bill can undo:

• Years of SIP discipline

• Emergency funds

• Long-term goals

Health insurance isn’t about claiming small OPD bills.

It’s about preventing large capital erosion.

Key things to check:

• Adequate sum insured (₹10–25 lakh minimum in urban India)

• Room rent limits

• Waiting periods

• Restoration benefits

• Claim settlement support

Buy it before you need it.
After diagnosis, options reduce sharply.

3. Personal Accident Insurance: The Silent Guardian

This is the most ignored layer.

Health insurance pays hospital bills.
Term insurance pays after death.

But what if:

• You survive

• But cannot work

• Or lose earning capacity

Personal accident insurance pays in case of:

• Permanent disability

• Loss of limb

• Income-impacting injury

And it costs surprisingly little.

If your earning ability is your engine,
this is the airbag.

The Mistakes People Quietly Make

Let’s address some common behaviour patterns.

Buying insurance as an investment
Protection and returns are different jobs. Mixing them usually underperforms both.

Hiding medical history
Claims get rejected not because insurers are villains — but because forms were incomplete.

Delaying purchase because “I’m healthy”
Premiums are lowest when you least feel the need.

Depending entirely on corporate cover
Corporate policies protect the company first. You are a beneficiary, not the owner.

The Real Question Isn’t Fear. It’s Responsibility.

The metro slab didn’t choose its timing.
The SUV didn’t announce impact in advance.

Life is uncertain.

But financial shock is optional.

Insurance doesn’t eliminate tragedy.
It prevents tragedy from becoming bankruptcy.

It protects dignity.

It allows a grieving family to focus on healing — not spreadsheets.

Why the Right Structure Matters More Than the Lowest Premium

Policies look similar in advertisements.

But during claims, details matter:

• Documentation

• Exclusions

• Sub-limits

• Processing timelines

Buying insurance online is easy. Navigating a claim during stress? That’s when guidance matters.

An intermediary is not just a seller. A good one:

• Structures coverage properly

• Ensures adequate sums insured

• Guides documentation

• Follows up during claims

• Prevents costly errors

Insurance is purchased in calm times. Claims happen in chaotic times.

That’s when experience earns its fee.

If you haven’t reviewed:

• Your term cover

• Your health insurance

• Your accident protection

in the last two years, this is your reminder.

Because when it comes to protection, being slightly early is always cheaper than being slightly late.

Warm regards,

Team Fincare Services