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Now if you were born between 1980-1995 it means you are a millennial with the oldest in that bracket turning 41 this year and the youngest 26. With school fees, house bills, car bills and others depending on your income, getting an Insurance package becomes a necessity. Life happens fast – and before you know it you’ll have children and other dependants to think about. Now is the right time to think about your future.
We have carefully selected 5 insurance plans we think you need as a millennial:
Motor Insurance: Now that vehicle is not just important, it is necessary in your daily commute. So you must have it insured. It also covers damages to other people’s property.
Home Insurance: Even if it’s a rented apartment, we believe your family is very important to you and having your home insured covers damage to a building occasioned by flood, fire and fallen trees as well as injury to visitors to the property.
Travel Insurance: With restrictions gradually being lifted, the need to travel with your family or even alone is on your to-do list. The travel insurance covers risks associated with travelling out of your country of residence on a temporary basis.
Life Insurance: Of course we are not wishing you ill but what if it happens? The life insurance policy covers the assured for the whole of his/her life.
Flexible Investment: This insurance solution provides you the opportunity to save funds towards specific goals with an embedded insurance cover
Thinking about your future can seem daunting. However, it’s something that all millennials should consider as part of their larger financial plan. Learning as much as you can about the basics of insurance gives you the knowledge to keep you and your loved ones protected. If you have any questions regarding life insurance or the right coverage for you, Coronation Insurance, our Bancassurance partner is here to help. Simply walk into any of our branches today or Visit coronationinsurance.com.ng/bancassurance to get an insurance policy today.
