Shrishti Saran, 10, suffered a brain fever in June 2011 at the age of six. Meningitis, which leads to inflammation in the brain and spinal cord, can be lethal. She was spared but left paralyzed. Bed ridden since 2011, the Saran family and Shrishti, who likes to watch movies, and eat junk food and jalebis even though food can be consumed only after heavy dosage of medicines, are doing their best to cope.
In terms of life insurance, a term plan works well as it offers a large sum at relatively lower costs. “Parents should buy a term plan cover that pays monthly rather than lump sum. It is also advisable to buy an annuity product for the person with disability after she has turned 30. That way a regular pension can be generated if the person lives till 70,” said Kapil Mehta, executive director, SecureNow Insurance Broker Pvt. Ltd.