Life insurance plays a pivotal role in our life to assure that our family stays a secured life when we are no more, due to uncertainty in our life.
Life insurance is not only a family security enabler but also a financial security source to manage our lifestyle in a way we live and have been living, even when we are medically ill or unable to manage our financial expenses as per our daily needs.
Insurance mirrors the reality of LIFE and DEATH where life insurance denotes the importance to assure ourselves, as our life is important to us and our closed ones. In case of unfortunate demise/death, life insurance provides a secured benefit to our family to meet their daily financial goals inspite of the fact that death is irreplaceable.
It is often mis-conceptualized that life insurance is purely a death benefit plan and can be opted at later stage of life as eventuality of upcoming medical ailments or death is not presumed to be important.
In India, less than 10% individuals own life insurance thus highlighting the ignorance of life insurance need.
Types of life insurance plans are broadly classified into various categories as per customer needs:
Best of Luck on your purchase of Life Insurance Policy!
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