Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Life insurance provides great benefits to the family of the deceased after his/her death in form of financial/ monetary support to help them sustain their livelihood. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. It is of utmost importance to have a life/illness insurance to have a failsafe option you can fall back on in case of a life threatening disease or death of the insured. The life insurance provides monetary support to the family of the affected to help them pull through the trying times without worrying for their sustenance.
In this world of uncertainty, no one and nothing is permanent or predictable. With each step in your life, you need to be careful for yourself and also be aware of the safety of your loved ones. And one of the easiest ways to do that is getting a life insurance plan in India. There […]
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A normal insurance policy requires you to pay your premiums until the end of tenure or until the policy is triggered due to the covered circumstances taking place. If there’s an emergency that puts a huge financial burden on you, taking out these funds before maturity can become next to impossible leaving you in a […]
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It is always a brilliant decision to purchase a life insurance policy for yourself. One of the biggest advantages of purchasing a life insurance policy is that it provides you cover and ensures that the future of your loved ones is safe and secure. However, one of the problems that the life insurance sector in […]
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To have someone’s life and future secured with an ideal life insurance policy is certainly no joke. If a person is financially dependent on you, then it is always a wise choice to buy a life insurance policy, as a token of security and future stability to a certain extent. However, there’s more to it. […]
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