India is the second most populated country in the world yet only 20% of the entire insurable population is covered. Most people are yet to understand the importance of Life Insurance.
What is a Life Insurance Policy?
Life Insurance policy is a contract that promises payment of Sum Assured (SA) to the beneficiary/nominee of the Life Insured (LI) on his/ her demise or other mishappenings covered in the contract.
In case of the sudden demise of the LI, the amount received as SA can help the family meet their financial needs like daily living expenses, medical expenses, school fees of your children and so forth.
Life Insurance helps in eliminating risk and provides a timely aid to the family of the LI person in the unfortunate event of his/ her death. If the LI is the sole breadwinner in the family, Life Insurance is utmost necessary. Life Insurance is an effective solution to take care of financial issues caused by an untimely death, leaving your dependent family to look out for themselves.
Life Insurance is not an option but a necessity, and everybody truly needs it.
Why Do You Need a Life Insurance Policy?
For more details on Life Insurance, please contact our Insurance Specialists. Call us toll-free 8160480547 , 7226034700.
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