Life Insurance, if taken according to requirements can shield you from unfortunate circumstances of life, at least financially. It offers full assurance to your family if there should be an occurrence of any appalling occasion of your passing. Under this, the nominee will get the guaranteed sum, if something happens to the client who has taken the policy. In life Insurance, you have to pay a pre-chosen premium sum for a settled term each year with the goal that your family will get the money related security against basic disease or demise. It gives your friends and family money related soundness, as well as it can be a decent sparing medium for building your budgetary value over the timeframe.

Different Types of Life Insurance:-

  • Term Life Insurance
  • Entire Life Policy
  • Endowment Plans
  • Unit Linked Insurance Plans
  • Cash Back Policy
  • Pension Plans

Benefits of Life Insurance

  • Risk Cover
  • Cost Effective
  • Tax Cuts
  • Flexibility
  • Loan Facility
  • Riders

Components Affecting Life Insurance Costs

  • Age
  • Wellbeing Profile
  • Gender
  • Occupation
  • Tenure

Life Insurance Cover Depends On

  • Number of Dependents
  • Current/Future Expenses
  • Outstanding Liabilities
  • Investments/Savings