Life
Insurance
What is Life Insurance?
Life insurance is an arrangement of your finances for your family in case of your “Death”
so your family can continue their day-to-day expenses and enjoy the same living standard which you have provided them in your life. Instead, they start seeking help from here and there. Your children can complete their education which you wished for them in your life.
Don’t forget
“Someone has to pay the charges of living expenses, either you manage when you are living to avoid your family to suffer OR your family & children will be by suffering financial hardships”
Insurance Plans
There are many insurance plans from different insurance companies. But those plans can be distributed in three main plans:
1. Term Insurance Plans
These plans just provide the lumpsum amount to the deceased family in case of “Death”. The annual charges (Premium) are always very nominal and does not become the burden on your pocket or disturb your monthly expenses.
2. Investment Insurance Plans
a) These plans provide the lumpsum amount to the deceased family in case of “Death”.
b) At the same time your paid money will be invested into the stock market which will grow your money under the investment options.
c) Will may pay you back your paid amount paid amount with profit when you are living.
3. Saving Plans
a) These plans provide the lumpsum amount to the deceased family in case of “Death”.
b) At the same time your paid money will be saved which will grow your money under the saving options.
c) Will may pay you back your paid amount paid amount with profit when you are living.
