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Why To Buy Life Insurance?

Why to buy life insurance

Why To Buy Life Insurance?

Unless you're immortal, you need life insurance!

Let me ask you a very simple question today - WHAT IS LIFE FOR YOU?

Different person will have different answer for this question. Right?

Next question...

WHAT IS THE VALUE OF YOUR LIFE???

Again different answer for different person.

Next...

IS YOUR LIFE VALUABLE FOR YOUR FAMILY AND LOVED ONES???

OFCOURSE YES!!! will be the same answer for different person.

So, Don't you think you must have enough security coverage for your family members if something wrong happens with you?

What is it???

Yes! You have got it right! It's LIFE INSURANCE for what I am talking about.

What is Life Insurance?

Life Insurance is a financial cover or you can say security for an event linked with human life, like death, disability, accident, retirement etc.

Human life is always subjected to risks of death and disability due to natural and accidental causes.

When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.

HAVE YOU EVER THOUGHT, FROM WHERE WILL YOU GET YOUR INCOME THEN???

Though human life cannot be valued, a monetary sum could be determined based on the loss of income in future years. Hence, in life insurance, the Sum Assured (or the amount guaranteed to be paid in the event of a loss) is by way of a ‘benefit’.  Life Insurance products provide a definite amount of money in case the life insured dies during the term of the policy or becomes disabled on account of an accident.

Why you should buy Life Insurance?

All of us face the following risks:
  1. Dying too soon
  2. Living too long
Why Life Insurance is needed?
  • To ensure that your immediate family has some financial support in the event of your demise.
  • To finance your children’s education and other needs in your absence.
  • To have a savings plan for the future so that you have a constant source of income after retirement.
  • To ensure that you have extra income when your earnings are reduced due to serious illness or accident.
  • To provide for other financial events and life style requirements.
Who needs Life Insurance?

Primarily, anyone who has a family to support and is an bread earner for his family needs Life Insurance. In view of the economic value of their contribution to the family, housewives too need life insurance cover. Even children can be considered for life insurance in view of their future income potential being at risk.

How much Life Insurance is needed?

The amount of Life Insurance coverage you need will depend on many factors such as:
  • How many dependants you have?
  • What kind of lifestyle you want to provide for your family if you doesn't remain around them?
  • How much you need for your children’s education?
  • What  your investment needs are?
  • What your affordability is?
You should seek the help of an insurance agent or broker to understand your insurance needs and suggest the right type of cover.
A man who dies without adequate life insurance should have to come back and see the mess he created.
For your Life Insurance Plan you can contact us anytime so that we can help you to secure your family for any unfortunate future events that can occur in your family.


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