Aug 23, 2019

what is life insurance policy ?

what is life insurance policy ?

life insurance is the safest and the most secure way to protect your family or dlife insurance policy is an agreement between an insurance company and a policy holder, It acts a finacial net in case of eventuality linked with human life, such as retirement disability, accident, death, etc.

life insurance policy is an agreement between an insurance company and a policy holder, It acts a finacial net in case of eventuality linked with human life, such as retirement disability, accident, death, etc. Life is umpredictable one can never guess what happens next. In case of sudden demise of the primary breadwinner of a family, aparat from the emotional trauma, his/her family is at the risk of a finacial crunch. In case this person is the sole breadwinner of the family dependents face a loss income.

The insurance company will determine the premium payment that has to be made by the policyholder to the company.

why it is important to buy life insurance policy ?

It acts a finacial net in case of eventuality linked with human life, such as retirement disability, accident, death, etc. Life is umpredictable one can never guess what happens next. In case of sudden demise of the primary breadwinner of a family, aparat from the emotional trauma, his/her family is at the risk of a finacial crunch. In case this person is the sole breadwinner of the family dependents face a loss income.

  • Benefits of Life Insurance Plans


The perks of buying a life insurance policy go beyond protecting one's family in tough times. Undoubtedly, it is a necessity to safeguard one's dependents among individuals.

  • long against a life insurance policy


till date, many people don't know that life insurance policies can also be used to secure a loan at a significantly more competitive rate as compared to other modes. one can get a loan from the same company or a bank or NBFC (Non-banking financial company) 

Related Posts

what is life insurance policy ?
4/ 5
Oleh

Pages