TERM INSURANCE
The gift of life is precious, and you cannot put a price tag on it. But one needs money for survival and to satisfy the needs of the family. If there is a sudden demise of the breadwinner, the family might face difficulties.
Hence, to ensure the proper livelihood of the family even after the death of the breadwinner, it is often advised to buy a life insurance policy. Hence, to ensure the proper livelihood of the family even after the death of the breadwinner, it is often advised to buy a life insurance policy. Hence, to ensure the proper livelihood of the family even after the death of the breadwinner, it is often advised to buy a life insurance policy. Life insurance is a policy that covers the risk of premature death. If, during the term of the policy, the life insured dies, the policy promises to pay a death benefit. Life insurance policies are legal contracts that provide coverage against the coverage offered by the insurance company. There is a big ‘if’ in the word ‘life’ itself. The word ‘if’ represents all the challenges that life throws at you. Life is uncertain, and the best way to deal with these uncertainties is to be prepared for them.
Policies for protection:
Structured to pay back in full, usually in the event of a predetermined incident. Term insurance is a typical example of a protection-policy design.
Investment policies:
Their primary goal is to enable capital growth through recurring or one-time premium payments. Whole life, universal life, and variable life policies are common forms