Saturday, January 1, 2011

NewYear Resolution

       Right from the days i remember i had the practice of taking some resolution every year .Though i had very good experience in taking resolution ,my track record of following the resolution was abysmally low. Normally it wont last till Pongal (Jan 15). Last year i was so desperate to stop this losing streak that i decided to take a newyear resolution which i would follow at any cause. After careful thought i decided on the following resolution
    Hence forth dont take any NewYear Resolution
Awesome isn't it .I felt invincible as there was no chance of failing to following this. I followed it will due diligence till this year (?!?!?) .So i spared myself on tedious process of selecting which resolution to take this year.

    But suddenly i came across a blog this morning expressing the importance of financial planning and particularly about insurance. This was one of the area i knew i was missing completely but didn't  work it out due to shear laziness. This read along with recent sudden hospitalization of few of my relatives made me to take the following resolutions today ..

   1. Take a term insurance as per rule of thumb ( 5 * Per Year Earning + Outstanding Loan)
   2. Mediclaim (additional to employer provided one) policy to cover all the family members

Oopps i broke the resolution i took last year :(

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