Safetree - Page 13 of 13 - Corporate Insurance

5 years ago · by Sanidhya Kain · 0 comments

Points to consider before buying Car Insurance Policy

Owning a car is a dream come true for most of us. With easy-to-get car loans, it is no longer difficult getting the four-wheeler of your choice home. After the initial year of car ownership, you need to make sure that you renew your car insurance. It is one of the mandatory documents required when your car is on the road. We all understand why insurance is essential because it is the best way to save your vehicle from unexpected accidents, theft, or even calamities.

Car insurance in India is required to be purchased from a third-party insurance provider. As a car owner, you have the choice to buy a one-year car insurance policy, as well as a long-term comprehensive car insurance policy.

What is a long-term comprehensive car insurance policy?

The Supreme Court of India passed a directive on September 1, 2018, regarding this. If you have purchased a car after September 1, 2018, you are entitled to buy the long-term comprehensive car insurance policy. You have two options to choose from –

1-year own damage plus 3-years third party; and
3 years own damage plus 3 years third party.

Benefits of the long-term comprehensive motor insurance policy

Convenience – The hassle of annual renewal can be painstaking. You can avoid it smartly by choosing to buy the long-term comprehensive policy.
Price advantage – by buying now, you will be paying for a three-year policy at the current rate. This means to say, at the present price, you will get your car insured for the coming three years. As it is common knowledge that insurance companies invariably raise the policy pricing annually, you are shielded from the price hike.

Thus, buying a long-term comprehensive car insurance policy is the ideal way to drive your car hassle-free and stress-free.

Points to consider before buying a long-term motor insurance policy

Getting your car insured is definitely a wise decision. Choosing to buy a long-term comprehensive plan is being smarter. However, you do need to consider certain points meticulously before deciding if this is actually the right investment at the moment for you or not.

The factors that need to be considered are:

1. Understanding if the vehicle is going to be subjected to high risk or not

If your car needs to be driven regularly through areas that are earmarked as high-risk zones for accidents or thefts, you should certainly go in for the long-term comprehensive plan. However, if the car is generally parked in the garage or is occasionally taken out, you might settle for the one-year policy because the long-term comprehensive plan is going to block your money.

2. Are you planning to sell the car in the near future?

If you are, then you need to consider the fact of the matter before buying a long-term comprehensive plan. When you sell your car, you need to transfer the insurance policy to the buyer of the car. This means that the new owner will be the holder of the motor insurance policy henceforth. Even if he pays you, remember that when you buy a new car, you will have to take out a new car insurance policy. This means that you are spending twice while getting paid once. If you have plans to sell off the old car now or in the near future, then it is recommended that you should go in for a one-year insurance policy rather than the long-term comprehensive coverage. Only when you are sure that the vehicle is going to be there with you through the next three years, go in for the long-term comprehensive plan.

3. Consider the add-ons before investing

When you buy an insurance policy, you get to select add-ons that increase the premium amount. There are add-ons like roadside assistance or engine protection. Your choice of the added facility should be based on facts and future planning. For example, if you are someone who drives out of town quite frequently, you should look at adding the roadside assistance feature to the policy. Similarly, if you have taken a Rider feature because you have a colleague or a friend travelling with you every day, you need to consider it futuristically so that the payment that you make today should be truly utilised in the later years. In this example, if there is any chance of shifting your job or your friend leaving town, you must reconsider this added feature.

4. Voluntary deductibles versus Compulsory deductibles

Compulsory deductibles are specific and predetermined; voluntary deductibles are adjustable. When you choose the first type, your premium payment will be high, and accordingly, during the claim process, there are higher chances of getting better payouts. If you choose voluntary deductibles, the premium amount is comparatively less, but the payout during the claim process is also going to be lesser.

5. Considering the services being offered by the insurance company

This is one of the most important aspects which needs to be considered when buying any type of motor insurance. Factors to consider include the reputation of the insurance provider, and it is the claim settlement process that to a great extent determines if you should choose the insurance company or not. The provider that offers a hassle-free process should be your first choice. You need to read through the company profile, reviews, and testimonials of customers on the brand website as well as social media sites to get a better understanding of the credibility of the company. Then there are some insurance providers that offer a stress-free porting option – changing from one provider to another – while some providers act difficult.

6. Free value-added features

A complete study of the services being offered by each of your shortlisted insurance providers is crucial before making a decision. There are insurance companies that facilitate online interactions, while there are some that do not. There are few that offer free pick-up from the accident spot or your home, whereas some charge and some do not offer any such service. Your requirement needs to match with the services being offered by the company for the correct decision.

Conclusion

Use the digital medium to make well-informed decisions when considering buying a long-term comprehensive motor insurance policy.

5 years ago · by Sanidhya Kain · 0 comments

Health Insurance for Senior Citizen during the Coronavirus Pandemic

Health is one of the most vital factors that needs to be taken care of, irrespective of whether we are young or old. However, as one grows older, health does come to occupy the primary focus, which is why it is so important to have health insurance to keep you protected during medical emergencies.

The essence of a medical health insurance policy during COVID-19 has been realised like never before, especially for aged people. Let us see why it has become essential, like never before, for senior citizens to get themselves medically insured.

Corona’s worst targets are senior people

The news on this front is definitely alarming but in no way meant to cause a commotion! As per a piece of news reported on 3rd June 2020 in the Times of India, more than 50% of deaths due to COVID are of people aged 60 years and above. It is important to remember here that the population percentage of people older than 60 years in India is only a mere 10%. So, the figure directly points to the fact that Covid’s worst targets are people who are more than 60 years old. Of all the deaths reported till June 2020, 73% were in people with comorbidities.

In several announcements by the Ministry of Health & Welfare, it has been mentioned throughout that the aged people are high-risk people and therefore need to ensure that they follow the requisite preventive actions.

Coronavirus is a contagious disease caused by a virus that affects the respiratory organs of the human body. It can also eventually lead to multi-organ failure. Senior citizens are most vulnerable to catching the infection since many of them have a weaker immune system as compared to the younger lot; also, things can get complicated if the virus enters their respiratory organs.

So, firstly, aged people should practise social distancing and not move outdoors frequently. However, once the symptoms start to show, they should be taken to a COVID hospital for checkups and tests. Once it is confirmed that they are patients of COVID, the person should be admitted to the hospital for further treatment. The treatment, be it in a government or private hospital, can be an expensive affair because the treatment is long-drawn with expensive medication; often the person needs to be in intensive care on ventilation, and so on. This can all lead to high hospital bills.

As you can very well understand, to deal with COVID, you need to be well prepared. Having a medical insurance policy will help you sail through difficult times – at least you do not have to worry about the financial implications. Remember that insurance will help you pay for your hospital and medical bills, ICU charges, ambulance, and so on. And, today, most insurance companies offer cashless policies, which are a big help for the senior people.

What do you need to know about the medical insurance policy to be stress-free during COVID?

If you are buying a new policy, you must choose a reputable insurance company to buy the mediclaim policy. If you have an existing medical policy, it has been confirmed that the treatment for coronavirus will be covered under the policy.

And the medical insurance policies that are now being designed specifically for the aged also include other elements of holistic treatment, like offering diet tips, fitness regimes, and nutritional information. So, the purpose of taking a well-deserved insurance policy is to get end-to-end benefits from the insurance company.

As a senior citizen, your health insurance policy also comes with certain value add-ons, like:

Covering not only the medical expenses during hospitalisation but also pre-hospitalisation charges for at least the previous 2 months and post-hospitalisation for up to 6 months. Some insurance companies also provide the option to recharge your policy if your current plan is exhausted. This add-on feature can prove to be a big help in case there is any further treatment required.

There is another benefit associated with taking health insurance for aged people. You can avail of alternative treatments that fall under the Ministry of AYUSH.

Factors to consider when choosing a health insurance policy for COVID

The first focus should be on the insured amount. Since treatment of Corona is costly and there is still no official medication to combat the disease, it is always best to go in for a higher assured sum. Also, your age and demographics will play an important role in determining the amount. One important aspect is also the place where you stay. If you reside in a metro city, the insurance amount will be higher than in a city or town or a village that is non-metro. It is highly recommended that all the terms and conditions are read carefully before buying a policy.
The treatment covered also needs to be assessed. It is good to go with an insurance company that offers pre-hospitalisation and post-hospitalisation cost coverage. Some offer OPD charges too. Look in-depth before making a choice. Also, check if the policy offers homecare coverage or not. For many corona patients, especially old people, it is not easy to keep going to the hospital for the treatment. In such cases, if the care is being done at home, your insurance policy should offer coverage for the same.
You should also be evaluating the waiting period. In India, the waiting period is usually about a month from buying the policy. This means that the company will pay for all treatment costs only after a month of buying the insurance.
Lastly, after considering all these factors, you need to look at the price of buying the insurance policy. It should be as per your budget at your age. With many seniors surviving on their pension amount or funds transferred by their children, the budget needs to be worked out first so that it does not pinch your pocket.

Summary

Nothing is more important than your health. Thus, an insurance policy to cover your health is vital, especially during Corona. But, consider all factors well before making a choice.

6 years ago · by Sanidhya Kain · 0 comments

Health Calculator: Decide the health insurance needs based on various factors

The urban lifestyle has led to changes in food and sleep habits, reduced physical activity, and other unhealthy practices. This unhealthy lifestyle has increased the possibility of suffering from different health issues like diabetes, heart diseases, blood pressure problems, etc. Regular check-ups, medications, treatments, and surgeries for such diseases can definitely burn a hole in your pocket. The only way to manage hospital expenses is by getting covered under an adequate health insurance plan. A health insurance plan offers coverage against the ambulance, medication, regular check-up, and pre- and post-hospitalisation expenses up to the amount of the sum assured.

We at Safetree offer need-based insurance policies to meet the discerning requirements of the people. We believe “One for all” does not hold good in the case of insurance policies, as the requirements and budget differ from person to person. To help our customers choose their ideal health insurance plan, we offer expert advice and a health calculator that helps to calculate the minimum amount of sum assured to be selected as per the requirements.

If you are planning to purchase a health insurance plan for you and your family, visit our online website or download the application from the Play Store. To know the minimum sum assured required to fulfil your needs, you can click on the health calculator option, fill in the details, and submit. The health calculator will consider the following factors to calculate the sum assured:

Eldest Age of Insurance: If you are purchasing the health insurance plan for the entire family, you should enter the age of the eldest member in this field. This helps in analysing the health requirements and risks associated.
No. of Insured: Here, you need to enter the number of members you wish to include in the health insurance plan. If the coverage is required for a greater number of people, the sum assured will definitely increase.
Location: Your location plays a very important role in calculating the sum assured or the premium amount. The cost of medical care is high in metro cities when compared to the cost in rural or two-tier cities. Hence, depending on the location, the sum assured increases or decreases.
Medical History: If your family has a medical history of severe diseases, surgeries, or treatments, it is likely to continue with other members of the family. Hence, the details of your family’s medical history are considered.
Risk Category: The health risks associated with your family are very important. The risk levels are categorised into Averse, Neutral, and Gambler. You have to choose one amongst these depending on the risk associated with the health of your family.
Annual Income: This is to know your budget. Depending upon your annual income and the above details, the calculator will suggest the appropriate amount of sum assured required for your health insurance plan.

Once you know the minimum amount of sum assured you should select, you will be able to plan your policy inclusions and, in turn, select an ideal plan as per your requirements and budget.

Various insurance aggregator platforms also provide a facility to calculate the insurance premium for particular plans offered by various insurance providers in the country. The health premium calculators work the same as our health calculator, but health premium calculators provide the approximate amount of premium you will be paying for a certain plan. The health insurance premium calculator considers factors such as your age, your family medical history, risks associated with your family insurance, and the mortality rate of your family.

Benefits of Using a Health Calculator

You must be wondering why one should use this health calculator when you can easily talk to an insurance agent or purchase a plan online. Here are a few major benefits of using a health calculator:

By using a health calculator you will have an estimation of the sum assured required to meet your requirements
This helps you to select your ideal plan within your budget
Once you know the estimation of sum assured, you can plan to add or delete additional riders accordingly
The health calculator allows you to pick your plan of interest available within the range of minimum sum assured required
There will be no influence on insurance agents. Most of the time, customers tend to pick less beneficial or higher than the required sum assured plans due to the influence of insurance brokers. This can be avoided by using a health calculator on your own.

Visit the Safetree online website, explore a wide range of affordable and need-based insurance plans, calculate the minimum sum assured required to fulfil your needs, and then purchase an ideal health insurance plan for you and your family.

6 years ago · by Shiva Vikas Kumar · 0 comments

How SafeTree Helps Financially during a World Pandemic Situation

The outbreak of the coronavirus pandemic has resulted in a world economic crisis, a rise in unemployment, exhaustion of medical resources, etc. The pandemic has taken its toll on people all over the world. With a 25% reduction in the overall GDP, the industrial sector is down by 54%. The severe impact of coronavirus has put people in financial and emotional stress. Lack of income and the increasing threat of coronavirus have made lives difficult. In such a situation, finding an alternate source of income has become obligatory.

While millions of people all over the world have lost their jobs in this critical situation, we at Safetree are offering opportunities to be a part of our insurance family. At Safetree we aim at securing the citizens of the country from the financial crisis and delivering innovative insurance solutions to mitigate the risks. To help people get financially secured and find an alternate career, we, under the Saksham Bharat scheme, offer employment for POS agents to eligible candidates. Through this scheme, we aim to train and upskill Indians so that they can lead a financially secure life, become digital entrepreneurs, live a life of purpose, and increase awareness of risk protection products. If you too are looking for an extra source of income or an alternate career, this is a great opportunity to stabilise your financial status and fulfil your needs.

To become a part of our insurance family as a POS agent, all you need to do is receive the necessary training and get certified. As per the rules of the Insurance Regulatory and Development Authority of India, all the insurance companies of India can hire Point of Sales (POS) agents only after he/she gets certified.

As a POS agent, you will be authorised to sell our insurance plans by building a strong customer base. Depending upon the number of insurance plans sold, you will receive a commission in the form of income. In addition to the commissions, you will receive exciting incentives for extraordinary performance.

Here are the benefits of becoming the Safetree POS agent:

You can boost your income: you do not have to visit the office every day or spend money on travelling. You can easily work from home at your convenience and gain money for every insurance plan sold. This way you can easily boost your income.
This is the best alternate career: On becoming a POS agent and financial and risk expert, you will receive masterclass training and learn to build a huge customer base and sell out a large number of insurance plans easily.
You can empower society: you can advise and help people by spreading awareness on how to stay prepared and mitigate financial risks.
You will have a digital workplace: as mentioned above, you do not have to visit the office every day. You can work from anywhere and at any time, as you will be able to access the transactions and quotes digitally.

How to become a POS agent?

Here are some simple and convenient steps to enrol yourself for the POS agent job role:

Download our Safetree mobile application from the Play Store. This application contains the training modules, conducts examinations for POS agents, and provides a mechanism to file insurance proposals with insurance companies and associated information. Alternatively, you can also visit the online website of Safetree and enrol yourself.
Click on the “Register as Risk Expert” and sign up
You can now receive online training from our experts. Once the training is complete, you will have to take up the certification exam. After clearing the exam, you will become the certified POS agent.
You can now sell our basic insurance plans, such as motor insurance, personal accident insurance, and travel insurance, to different customers and earn commissions.

Currently, the penetration in our country is very low; hence, to achieve our vision and mission, we want more people to join us and build a financially secure country. In this current pandemic situation, an extra source of income is nothing less than a boon. A POS agent is an IRDAI-approved job role that allows you to work at your convenience, save money on transportation, and earn extra incentives along with the income for excelling in your work. Fight this pandemic and financial crisis by earning generously.

If you are facing financial issues and suffering from unemployment or lack of income, without further delay, grab this amazing opportunity today! You can get in touch with us through our application or online website and enrol yourself for the POS agent training. Hurry up!

6 years ago · by Sanidhya Kain · 0 comments

Importance of Having a Home Insurance Policy in India

Home is a priceless asset involving lifetime savings, aspirations, and efforts. Along with providing security and protection, your home houses the valuables of your life, such as jewellery, expensive gadgets, devices, antique items, and a lot more. Considering the climatic changes, environmental destruction, and possibilities of man-made vandalism, you have to agree that home can be shattered anytime.
To protect your home against the climactic destruction or man-made vandalism, a home insurance policy is a must. The cost of rebuilding your home can definitely burn a hole in your pocket. Also, for some people rebuilding the entire home is not possible at all. Hence, protecting this precious asset becomes crucial. We at Safetree offer need-based affordable home insurance policies that will safeguard your home from natural and man-made damages.

A Home Insurance Policy covers the structure of your home and the contents, which include protection against the damages caused due to fire, explosion, natural calamities like flood, earthquake, storm, and man-made destruction from riots, strikes, theft, burglary, etc.

A basic home insurance policy offers cover in 3 ways:

Reinstatement value: Under this coverage, the insurance company gives an equivalent amount of the cost of home construction, excluding the value of the land.
Agreed value: This coverage provides an amount equivalent to the cost of your home construction, including the value of the land.
Indemnity value: Under this coverage the insurer provides the current value of the home by deducting the depreciation value depending on the age of your home.

What is covered under home insurance cover?

If you purchase an advanced home insurance policy, the insurer will offer protection against the damages caused to furniture, electronics, artworks, and jewellery. You can avail coverage for other content by selecting either indemnity value coverage or reinstatement value coverage. During valuation, you should declare the content cover through bills and invoices. However, in the case of reinstatement value coverage, the insurer will provide cash for the insured items without deducting any depreciation cost of wear and tear. Amongst the above-mentioned 3 types of home insurance coverage, the reinstatement value costs more than the others.

There are a few special home insurance policies that cover the living expense of the policyholder when he/she is unable to stay in their home. However, the police are subjected to terms and conditions such as the duration, etc. Under some packages, you can claim for personal accident damages and compensations for the permanent or partial bodily damages caused in an accident. Depending upon your requirements, you can choose the coverage for your home insurance policy.

What are the exclusions of a home insurance policy?

Any loss or damage caused due to civil wars, wars or related perils
Loss of cash
Any damages or loss caused due to depreciation or wear and tear of items
Any loss caused due to pre-existing damages, defects and wear and tear
Theft or attempted theft from open spaces like a yard, gardens, etc.

Benefits of purchasing the home insurance policy

A home insurance policy with extensive coverage covers all the valuables like jewellery, laptops, mobile phones, other electronic devices, and other valuables, along with your home structure and land cost. You can also choose additional covers and riders while purchasing the policy
The policy offers a replacement for loss: Depending upon the insurance plan you have chosen, you can get the damaged goods replaced with new items instead of getting the equivalent cost of those items
Damages caused by all types of natural calamities are covered under the basic as well as advanced home insurance plans. As mentioned above, repairing your damaged home can cost a fortune. In such cases, a home insurance policy will save you from the financial crisis
Home insurance policies are less expensive. You may feel a home insurance policy is an unwanted expense, but you have to agree, eventualities do not come knocking. The only way to protect your home and the valuables and to safeguard yourself from the financial loss is by purchasing an adequate home insurance policy. For a home insurance policy of Rs. 4,000,000, you may just have to pay an annual premium of Rs. 2,000. And comprehensive coverage may cost you around Rs. 5000 for a year.

At Safetree, we provide round-the-clock assistance and expert advice to help you select the best insurance plan that meets your requirements. We also provide technology-based customised insurance solutions to eliminate your insurance-related issues. Visit our website and explore our wide range of insurance policies offered at affordable premium rates, and pick your ideal home insurance policy today!

6 years ago · by Safetree · 0 comments

Travel Insurance and Coronavirus: All You Need To Know About Covid-19

The corona virus pandemic is taking its toll on people all over the world. Day by day the corona virus is spreading rapidly causing thousands of deaths. While most countries are battling against the pandemic, a few countries have declared themselves free of corona virus and are now open for tourists. However, all the countries in the world are still taking stringent measures to cease the spread of the virus.

6 years ago · by Shiva Vikas Kumar · 0 comments

Risk Janampatri – A new beginning to identify most appropriate risk mitigation solutions

Living in an Age of Constant Uncertainty

‘The uncertainty is constant’ is a fact. Due to our lifestyle, all of us are prone to risks that were not even assumed to exist in older days. The introduction of newer technological changes such as wireless networks, 5G, etc., has increased the risks of uncertainty given our limited knowledge of new technologies and their impact on the health of humans and ecosystems. In addition, the natural calamities such as forest fires, floods and earthquakes have added new dimensions in these uncertain times. The impact of Covid-19 on the economy is extremely fearful and difficult to comprehend. A few research reports have indicated that the treatment of a few diseases, such as tuberculosis, may get further complicated, and the period of recovery for patients may get extended in the post-Covid era.

Why Is Financial Risk Increasing Rapidly?

Furthermore, I believe while the risk of uncertainty is always there, it’s increasing at a rapid rate. While many risks are beyond our control, we can still mitigate the impact of financial risk to a large extent by taking timely actions. By taking care of our physical and mental health, we can significantly reduce the risk of health problems. Similarly, individuals can timely transfer the risk to an established institution; they can mitigate the financial impact of the risks due to any hazards to a large extent. For example, by purchasing home insurance, an owner transfers various risks due to fire, earthquake, floods, etc. to an insurance company for a small sum of money. Hence, any subsequent losses to the owner due to these hazards will be borne by the insurance company, and this smart customer does not suffer any material financial loss, as he had transferred the risk.

Hence, this mounting risk of financial uncertainties makes it essential for individual customers to have an effective risk mitigation mechanism. Insurance is the most popular financial instrument to cover these risks.

However, no insurance is worth it if it’s not optimal. In other words, it is important to be optimally insured. The optimal level of insurance is based on the risk profile of an individual customer; however, this risk assessment is generally not considered while selling the insurance products. In the absence of risk profiling, normally the same products are sold to customers with different risk appetites.

Understanding Risk Mitigation Through Insurance

Let’s illustrate this with a simple example: A person with low risk appetite (with limited ability to absorb losses) should ideally buy motor insurance with higher Insured Declared Value (IDV) and with add-ons such as zero depreciation, etc. This will ensure he does not pay any material charges to the car garage in case of any accidental claim subsequently. Similarly, a person with a higher risk appetite can save money on insurance premiums with lower IDV and nil or minimal add-on options. However, as these risk assessments do not happen while purchasing insurance products, it results in customers buying products not in accordance with their risk appetite. Hence, a person with a higher risk threshold will complain that he was sold an expensive product without any utility. Similarly, a low-risk-appetite individual will feel upset to pay a huge amount to the garage at the time of any claim in the absence of add-on options such as zero depreciation.

Currently there is another challenge. There is no tool to calculate the risk appetite of the individual customers, and most of them do not fully understand the risk terminology and their risk appetite.

In order to overcome this challenge, SafeTree has developed Risk Janampatri, a tool that immediately calculates the risk profile of the customers. Customers choose their options for various life situations, and the tool automatically calculates the risk profile of the customer. Finally

The customers can select insurance products based on their risk profile. This results in a happy and satisfied customer.

This is a new beginning in selling insurance products as per the profile of the customer.

Want to know your Janampatri risk? Visit our website.

6 years ago · by Shiva Vikas Kumar · 0 comments

Lost your Job? It’s not the End of World, It Might be a New Beginning!

Losing a job is deeply shocking. It is a loss of livelihood: the ability to support ourselves and our families. Furthermore, the emotional impact goes beyond financial stress. For many people, loss of a job means loss of our identity or sense of respect, which can be devastating.

The COVID-19 pandemic has significantly impacted the economy and business worldwide; some industries might not recover for a long period. It has changed the dynamics of operating business, with no clear timelines for returning to old times. A post-pandemic economy will make finding a job extremely challenging. Can a pilot or a hotel professional find an alternative career option that is satisfying after losing their job with the airlines or hotel industry, respectively?

In a study conducted by an international institution, they found that most people who were forced out of a career, do manage to create meaningful futures and even feel more contented than they did before. This happens as they come to terms with their disrupted identities and start to see new possibilities. Often, they discover a part of themselves that they barely knew existed.

In case you are impacted by Corona, please consider the following points:

No one can avoid stress. We need to learn ways to manage stress. A small amount of stress is good and helps to drive innovation and manifest creativity. Control your stress by doing breathing exercises or engaging in physical exercises.

In a training session, a trainer asked his participants how many of them felt stressed. Everyone answered yes. Then he asked how many of them wanted a stress-free life. Again, everyone replied, ‘Yes.’ He said on the way to this training session, he found people with no stress, and they were in a crematorium. He further enquired whether anyone would want to visit that place for a stress-free life. The answer given by the people was no. The point is that all living beings get stressed, and we should learn ways to manage this living.

Please don’t underrate your strength and control your emotions. Human beings are wonderful creatures with unlimited potential.

During the decade-long recession, also known as the Great Depression, in the US from 1929 to 1939, millions of jobs were lost. Currently, few economists are referring to ‘The Great Depression of 1929’ while sharing their forecast for the economy post-Covid. However, even during those gloomy days of the Great Depression, big institutions were built and multiple new innovative products were developed.

During those days, one individual known as George Jenkins with limited savings opened a shop of non-perishable items in a neighbourhood shack with one thing in mind – that if he was not able to sell them, then he would use them. Today this enterprise (Publix Food Store) has over 1000 stores in the US and an income of US$ 30 billion.

Similarly, a large farmer had huge quantities of unsold potatoes. To prevent them from getting rotten, he created a storage facility that we now know as cold storage.

These individuals came up with simple solutions during ‘The Great Depression of 1929’, and those initiatives created huge organisations today.

As someone said rightly – “In tough times some people break records, while other people break themselves.” You have a choice – either create an opportunity and make a new beginning or waste the time.

If you wish to be a part of the first category, then we can help you be your boss, gain new skills and knowledge, earn more money, and attain high self-esteem. Safetree is an avid supporter of the ‘Saksham Bharat’ programme, an initiative where we provide necessary training and skills to boost your income and develop a career by working a digital platform.

You can become a financial and risk expert through our training masterclasses. You can earn financial freedom and security, support society through your knowledge of risk-mitigating products, and enjoy a digital workspace – all with just a click, anywhere, anytime.

Together with the ‘Saksham Bharat’ movement and Safetree, start a new chapter of your life. Call us at our toll-free number 1-800-572-6647 or email us at partners@safetree.in.

Remember, ‘You’ve Just Lost A Job, Not Everything!’

About the Author
Shiva Vikas Kumar – +91 9210044039
vikas.kumar@safetree.in
www.safetree.in

Our Focus

Key Sectors

Product Offerings

Find the right insurance coverage for you & your loved ones.

Insurance for

Blogs & Resources

Points to consider before buying Car Insurance Policy

What is a long-term comprehensive car insurance policy?

Benefits of the long-term comprehensive motor insurance policy

Points to consider before buying a long-term motor insurance policy

The factors that need to be considered are:

1. Understanding if the vehicle is going to be subjected to high risk or not