Playing the Perfect 'Innings' For Your Loved Ones

In light of the recent ‘cheating’ controversies plaguing international cricket, the fate of the cash-rich Indian Premier League (IPL) remains unchanged – belting out imminent success season after season.

The much-loved combination of cricket, all your favourite players under one roof and the immense adoration shown by fans from across the globe is what makes it an unprecedented spectacle every year - one that can be watched and enjoyed with your family and loved ones. It is the coming together of teams and relentless team effort in pursuit of ‘top of the table’ happiness.

It’s uncanny how we immerse ourselves into the month-long cricket extravaganza without realising how being part of an IPL team is much like being part of a family - constantly huddling together to secure the best financial future. Honestly, we can liken the powerplay overs of an IPL match to our lives. The first over is childhood, the next over is education, followed by an over of marriage, one on supporting a family, and finally, retirement. As every fast ball comes hurtling at you, you can do your best to fend for yourself in singles – or you can hit it out of the park for the team. But, when the odd googly comes your way, you'll need to have a good plan in place to ensure you don't let it get the better of you. Whatever happens, at the end of the day, along with your team, you are in for the win. You are the Protector of the Match forever on field and off field.

Taking care of your team, or in this instance, your family, and doing what’s in their best interest is what team spirit is all about. Ensuring you have a plan and a good insurance policy for each of the ‘powerplay’ phases in life can help you overcome any ‘googly’ that spins your way.

If you think we're joking, we honestly aren't. Let's start with the first over of your life. As a child, you may not have the power to safeguard your own future, but your parents could buy ULIP (Unit Linked Insurance Plan)  to build up a bit of a nest egg for you and your needs. Eventually, the money could help you take those art classes you love, or they could tide you over in that harsh second over by paying for that specialized Masters Programme abroad.

As you settle into your new job, you begin to think about looking after your parents. Here, a health plan for your parents could help you out. If anything were to happen to your parents, you would have a financial safety net to help them out for a while.

Once you meet the love of your life, and you're planning on starting a family, it's a good idea to ensure that you have a good life insurance policy. The premiums may be a little bit costly, but the peace of mind it offers is truly worth it. Plus, it will offer your family financial support when they need it the most. You will also start planning for the last over of your life, and a retirement plan is something you honestly need to consider. Not only will a good plan ensure that you're financially self-sufficient even when you aren't working, you'll also be able to battle the ever-increasing cost of living.

When it comes to helping your team to the top of the board, the most important player you could have on your team is insurance. Insurance is the “in form” batsman you'll want at the wickets when life throws a bouncer your way. So, are you all kitted up and ready to take on whatever life throws your way? If you aren't sure, plan soon.

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