A Full-Fledged Life Cover
Life Insurance: Coverage for life
What exactly is Life Insurance?
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
What are the benefits of buying Life Insurance?
Once you are covered by life insurance, you’re sure to get the following benefits:
Financial Security
Money from life insurance can act as a cushion and ensure your family’s life goals are not affected.
Security Of Your Child’s Future
Life insurance can give your child the best education and life style until they reach adulthood.
Reduces Loan Burden
Loans can be repaid without the risk of your family losing an asset or stressing about arranging funds.
Retirement Planning
With annuity-based life insurance plans that give monthly pensions on maturity, you can plan for a secured retirement.
