Risk: Early death of bread earnerProbable loss: Family left to manage certain goals like education, marriage, even regular household expenses etc. on its own.
Why life insurance?
Life insurance has many benefits apart from risk coverage:» Risk cover – protection against financial crisis.
» Planning for life stage needs – Retirement planning, child’s education/marriage.
» Builds the habit of regular savings
» Safe and disciplined long-term investment
» Tax benefits
What does it cover?
Life insurance covers the risk of death. However you can opt for add on riders like:
» Accidental death
» Critical illness
» Waiver of premium
» Hospital/surgical care etc.
Types of life insurance policies» Term plans – pure risk (death) cover only
» Ulips (unit linked insurance plan)
» Endowment plans, money back plans
Exclusions» Suicide within 1 year of policy inception
» Indulging in illegal activities
» Under the influence of alcohol/drugs
To get a Life Insurance quote contact us.