Moneycontrol
Feb 13, 2018 12:26 PM IST | Source: Moneycontrol.com

Insure what your bae loves most this Valentine’s Day

Surely, the last thing you want to do on Valentine's Day is haggled with a traffic cop for lack of insurance!

Tasmayee Laha Roy @tasmayee
Navneet Dubey @navneetdubey91

Teddy bear, roses, cards and chocolates are now passé. Youngsters instead have gotten smart and made gifting more meaningful. Taking the concept of ‘forever’ to the next level, youngsters are insuring what their bae loves most. This Valentine’s Day, gift an insurance policy.  Make what your loved ones love, secure.

Mahavir Chopra, Director - Health, Life & Strategic Initiatives, Coverfox.com, said that it is true that a term insurance is the best thing you could ever gift your wife. However, make sure you top this well-thought gift with a diamond ring for best results. “You wouldn’t want to risk not doing so and invite her wrath that may lead to encashing of your term plan. That way you secure not only her Future but your Present too,” he said.

You can even buy a motor insurance and propose a long ride, where you sit back and let her take control. Go wherever she wants to ride, while you sit back and relax. Surely, the last thing you want to do on Valentine's Day is haggled with a traffic cop for lack of insurance!

Well, insurance gifts does not end here too, if you think you already do all these things in general then why not buy a health policy this time? We all wish for our partner's best health and what better gift than a gift of security against any illness along with a financial security.

“There are many companies offering health plans for both you and your partner at a very reasonable price like HDFC Ergo Health Suraksha Policy Gold Plan, Apollo Munich Optima Restore Family, Bajaj Allianz General Insurance Health kart Family Floater Option providing coverage for young couples in the age of 18-40 years," said Naval Goel- CEO and Founder of PolicyX.com.

Now, what else could you possibly insure? Bae can be a globetrotter-you can insure the travel, if bae has just done up her apartment-you can insure the furniture, if bae just got a new mobile phone insure it and if you have decided to go down on your knees and decided to gift bae a ring-make sure you insure it.

"Valentine’s Day will see a lot of electronic gadgets, even appliances, given as gifts. When choosing something special, consider getting an extended warranty or accidental damage cover as well. This will make the gift last longer, and save you from unexpected breakdowns and repair costs," said Vivek Burman, South Asia Director - The Warranty Group.

While there are offers in all shapes and sizes some have made it really easy for those looking at buying insurance for Valentine's Day this season.

Traditionally considered tedious, insurance has now had a festive makeover by Toffee – Now what is Toffee? Well, it is the mobile-first, all-digital insurance platform built for millennials.

“With Toffee the entire concept of insurance has been unwrapped and reworked to make policies relevant to one’s lifestyle-related risks, such as covers for backpackers or daily commuters,” said Rohan Kumar, co-founder at Toffee. "

Toffee is offering Commuters Toffee - A policy for daily commuters exposed to accidents, Globetrotter Toffee - A policy for international travel without market/regional exclusions, Renters Toffee – A policy against damages and theft for rented accommodation and Stay Fit Toffee – A policy against sports-related accidents.

“While the policy’s customization for their specific risks shows thoughtfulness it also comes at an attractive price range between Rs 600 and Rs 1500,” added Kumar.
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