MAM
Gen-Now upbeat about GoaFest
MUMBAI: The countdown to GoaFest 2014 has begun, setting the advertising and media industry aflutter.
On the one hand, there is talk of some creative agencies sending only their key teams to attend the fest while on the other, some biggies have decided to give the event a miss altogether, citing budget constraints, as one of the reasons. In the words of a copy supervisor of a leading creative agency, “I don’t like the fact that the venue has been shifted. It was like a welcome break for all once a year.”
However, as with all other things, this is but one side of the story. There are ripples of excitement among a host of digital, media and outdoor agencies which are really looking forward to participating in the extravaganza. Indiatelevision.com speaks to some of the young, up and coming delegates to understand their expectations from the fest…
Great Expectations
The Abby’s which were always considered prestigious by the creative and media fraternity has captured the imagination of digital and outdoor agencies as well. As ibs copy supervisor Karthik Krishnan puts it, GoaFest is a great platform many young professionals (in creative and servicing) to get exposure to the best in business when it comes to the jury and peers. “Ad people are slowly warming up to their international counterparts’ attention to digital. This year, in addition to mainline, I’m expecting a lot more attention being given to digital advertising,” adds Krishnan.
Milestone Brandcom account manager Nidhi Kavle feels it’s going to be an exciting experience attending the fest and meeting the cr?me de la cr?me of advertising. “Having chosen advertising as a career, I am looking forward to see the different faces of the industry and get some great insights into what the future of my career in this industry will be like. All the moguls of the ad world are going to be at the fest and to get an opportunity to see them, interact with them, and hear them speak is one that I wouldn’t pass for anything,” says Kavle.
What about CQ?
Sources believe that with the number of entries having gone down and with some agencies dropping out, the competitive quotient (CQ) has dipped. However, the ones attending the fest seem positive.
“On the one hand, the opportunity for the industry’s up-and-coming talents to measure up against the Indian behemoths is sort of lost. But on the other hand, the stage is all theirs. It’s their event to showcase their very best, in front of the best,” says Krishnan.
Says Kavle, “I believe that the work we see on a daily basis, across the various mediums of communication should be the work that is selected for honours. This is the same work that traverses from one medium to another. Most of the organizers now have already become more process driven. So we are looking forward to another great edition of the fest with lots of new experiences to take home.”
Guess we’ll just have to wait for a week to see who takes away what at the fest…
If you are actively investing to grow your money month after month, you already understand the value of planning ahead. SIPs, long-term portfolios, retirement planning and goal-based investing all point to one thing. You are building a future with intent.
What often gets missed in this process is one foundational question. How well is the income that funds all these plans protected?
Term life insurance fits naturally into this stage of financial planning. It does not compete with investments. It supports them by protecting the income that makes long-term growth possible.
Why Income Protection Is a Core Part of Financial Planning
Every financial plan begins with income. Before money is invested or saved, it is earned.
Over time, this income is allocated across multiple needs:
● monthly household expenses
● EMIs and long-term loans
● savings and emergency funds
● investments aimed at future goals
As responsibilities increase, financial planning becomes layered. Each layer assumes income continuity. Term life insurance exists to ensure that this structure does not become fragile due to overdependence on a single income source.
It adds stability to plans already in motion rather than introducing a new objective.
What does term life insurance do?
Term life insurance provides a fixed payout to your nominee if you pass away during the policy term. The purpose of this payout is practical and clearly defined.
It is intended to:
● replace lost income for a defined period
● help manage outstanding liabilities
● support ongoing household and goal-based expenses
There is no investment or savings component. This keeps the product focused and cost-efficient, allowing individuals to opt for meaningful coverage without diverting funds meant for growth-oriented investments.
Why Term Life Insurance Complements Investing?
Investments and insurance play different roles in a financial plan.
Investments are designed to:
● grow wealth over time
● compound with consistency
● be adjusted as goals and risk appetite change
Term life insurance is designed to:
● provide financial continuity
● protect existing plans from disruption
● remain stable once put in place
Keeping these roles separate improves clarity. Investments are allowed to perform without being forced to double up as protection, while insurance quietly supports the overall structure.
Who Should Consider Term Life Insurance?
Term life insurance becomes relevant when financial planning extends beyond individual needs. This typically includes:
a) Working professionals
When income supports shared expenses or long-term plans, protection becomes essential.
b) Individuals with long-term liabilities
Home loans, education loans and other EMIs often extend over decades. Term insurance ensures these obligations remain manageable.
c) Parents planning future milestones
Education, healthcare and lifestyle goals require continuity over many years.
d) Early planners with rising incomes
Starting earlier allows coverage to align smoothly with career progression and evolving responsibilities.
How Much Coverage Should Be Considered?
Coverage should be guided by financial reality rather than affordability alone.
A well-rounded evaluation typically considers:
● number of years income needs to be replaced
● existing and future liabilities
● long-term goals already planned
● inflation and rising living costs
Many insurance companies offer options starting from 50 lakhs, 1 crore term insurance and higher. It allows individuals to choose coverage based on their income, liabilities and future plans.
How Term Life Insurance Fits Into a Long-Term Plan
Once set up, term life insurance does not demand frequent attention.
It does not require active monitoring, market tracking or performance reviews. Its role is structural rather than dynamic.
By ensuring financial continuity, it allows families to:
● stay aligned with long-term plans
● avoid rushed financial decisions
● focus on execution rather than damage control
When aligned correctly, term insurance strengthens the foundation on which investments, savings and retirement plans are built.
Choose the Right Insurance Partner
Once the need, coverage amount and role of term life insurance are clear, the final and most important step is choosing the right partner.
This decision should be based on:
● clarity and transparency in policy terms
● a strong claim settlement track record
● consistency in servicing and communication
● the ability to support long-term financial planning rather than just selling a product
Term life insurance is a long-term commitment. The partner you choose today will be the one your family relies on years down the line.
When protection is aligned with purpose and backed by a dependable insurer, term life insurance becomes a quiet but powerful part of a well-built financial plan.
