LIFE INSURANCE

Life Insurance, we call it Love Insurance as, we buy it for those we love. It guarantees that your family will receive financial support even in your absence.
The term insurance now has cash value as well with guaranteed monthly income for the family.There are many types of term insurance,term with premium return option, term plan with guaranteed monthly income benefits.

Who Should Buy A Life Insurance Plan?

Ideally everyone should buy term insurance plan. However, if you are the only breadwinner or contributor to the family income, you need to buy a term insurance plan. However, the people listed below should definitely buy a term plan:

• If you are financially independent and want to give financial security to your family.
• If you have dependent persons – parents, spouse, etc.
• If you are single and want to start a family
• If you run a business or startup
• If you have children and want to secure their future even in your absence

Riders and their benefits

• Death Benefit Rider:
• Critical Illness Benefit Rider:
• Accidental Disability Benefit Rider:
• Waiver of Premium Rider:
• Income Benefit Rider

Why should I buy life insurance?

Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations:

• Replace income for dependents
• Make significant charitable contributions

By making a charity the beneficiary of your life insurance, you can make a much larger contribution than if you donated the cash equivalent of the policy’s premium.