Life insurance is something we don’t think about much. It is a policy which is tucked away in some remote corner of the house. Many a times it is accompanied by a fear based message. After doing an exercise with Exide Life Insurance I realized that I hardly dream about anything else but travel!
Exide Life Insurance has tried to inject some fun into planning for our life. The above video is based on their idea of maintaining a scrapbook called ‘my long and happy life.’ where “the basic idea is to promote Long and Happy life, Kal Khoobsurat Hai, Well planned life for a beautiful tomorrow”. You can see that my life revolves around my family and travel. These were the parts that I filled first!
Apart from thinking of Chhavi and her college everything else revolves around travel for me! Antarctica you are still a dream, but it is good to have dreams!
Here is the official video from the company where a young couple goes about planning their life.
But it was their money book that really caught my attention. It puts the idea of maintaining the family financial records in one accessible place for every member of the family. The only document we have commonly accessible in my family is our health insurance. Otherwise we know that we are the nominees in each other’s policies. Beyond that we have no clue who has invested where and what!
I know it is not a wise thing to do. But tell me how many of you have made such a file or document which has details of invest readily and systematically available to each-other?
I am even worse. I have some investments which I need to close and take out my money from. It always gets postponed to tomorrow! Earlier the excuse was that with my work and travel I had no time. Now I do not know what my excuse is! Maybe that it is my daughter’s summer vacation right now?
When I was invited by the company to do this exercise, I was not too sure what was in it for me. But after completing some of it, I know there is a great message for me, to become more disciplined about my financial planning.