Why Life insurance?

Life insurance ensures financial protection on accident or death.  It enables maintenance of the same lifestyle even after the unfortunate demise of a loved one. The beneficiaries can utilize the monetary benefits to replace the income one would have earned or help pay off debts or other expenses. Life insurance boost confidence to the insured, offers satisfaction of being covered for illness, life or financial loss.

The benefits of life insurance are:

1. Covers death or critical illness.
2. Covers financial interests of the family on the death of the policyholder.
3. These product also have inbuilt wealth creation propositions. The customer benefits on two counts and life insurance occupies a unique space in the landscape of investment options available to a customer.
4. Life insurance products offers specific tailor made products for different life stages.
5. They Offers retirement plans.
6. A few products offer loan facilities against the plan.
7. Last but not least life insurance premiums offer tax saving benefits.

Other articles on Life Insurance

1. Life Insurance Overview
2. What is life insurance?
3. Why life insurance?
4. Life insurance types?
5. How much to insure?
6. Factors affecting life insurance
7. Life Insurance tips
8. Ways to reduce the premium of Life insurance policy
9. Life Insurance FAQs
10. Life Insurance claims
11. Life Insurance - Dos & Donts
12. What to do when a claim is rejected
13. Life insurance glossary