Understanding Life Insurance
Life insurance is an important part of a complete financial portfolio
Understanding Life Insurance
Life insurance is an important part of a complete financial portfolio. Learning basic life insurance facts will help you make an informed decision about the type and the amount of life insurance that you need.
When you buy life insurance, you enter into a contract with an insurance company that promises to provide your beneficiaries with a certain amount of money upon your death. In return, you make periodic payments, called premiums.The premium amount is based on factors such as your age, gender, medical history, and the dollar amount of life insurance you purchase.
Why Do I Need Life Insurance ?

Breadwinner
Life insurance can provide “income replacement” so that your family can continue to pay everyday expenses.

Divorced Parent
A policy could cover the support payments thats a divorced parent makes.

Stay At Home Parent
Life insurance would cover the cost of paying for services the parent does for “free,” such as achild care.

Parents Of A Special Needs Child
Lufe insurance can ensure the child will have financial support no matter when a parent dies.

Someone With Co-Signed Debt(Eg. Student Loans or credit cards)
Life insurance could never the cost of the debt.

Home Owners
Life insurance would cover the cost of paying for services the parent does for “free,” such as achild care.

People Concerned About Paying For Their Own Funerals
Small life insurance policies can pay for your funeral and final expenses.

Someone Who Wants To Provide An Inheritance
If you don’t have a lot of wealth ,life insurance can provide a small inheritance of heirs.

Inventors Who Has Maxed Out Savings
Life insurance with a cash values component can provide a supplement source of retirement saving.
Benefits Of Life Insurance
With this type of coverage, you have the dual security of knowing that while your premiums will never change, in the event of your death, your beneficiaries will receive the policy benefit tax-free.
Lifetime Coverage
Guaranteed Premiums
Tax-Free Benefit
Coverage Adapted To Your Needs
Term life Insurance
Term life insurance provides temporary protection for temporary needs. It also has some flexibility, so you can adjust your insurance as your needs.
Whole life Insurance
Whole life insurance provides coverage for the life of the insured. In addition to providing a death benefit, whole life also contains a savings component.
Universal Life Insurance
2 important aspects of financial planning: Permanent insurance protection for lifelong peace of mind, plus Investment account options that can grow your savings.
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Life Insurance
Life insurance is an important part of a complete financial portfolio and essential to all good planning whether it be to protect your family against a sudden loss of income.
Investments
Insurance that invest in one or more underlying assets, such as a mutual fund.Unlike mutual funds, segregated funds provide a guarantee to protect part of the money you invest
Special Plan
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- Students plan
- Wealth plan
- Millionair baby plan
- Saving / investment plan
- Umbrella plan
Frequently Asked Questions
What is the meaning of insurance?
Why do I need Insurance?
Why should one cover oneself immediately ?
How to Choose the Best Term Plan?
While selecting a term plan, you need to look for the following and ensure that your family has the best financial protection with the term plan:
Claim settlement record of a life insurance company indicates the ultimate moment of truth for the customer. Claim settlement record can be assessed through a percent number (Claim Settlement Ratio) released by IRDAI (Insurance Regulatory and Development Authority India) every year.
How much life cover do I need?
If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.