Posts Tagged ‘pension’

What is life insurance?

Saturday, December 26th, 2009

An individual’s life is subject to risks – risks of death and disability. These risks could be because of natural or accidental causes. Loss of an individual’s life or any form of disablement more often than not results in a loss of income to the household. The family is put to hardship. Sometimes, survival itself is at stake for the dependants. Risks are unpredictable and so is death/disability. Unpleasant events may occur when one expects them the least. An obvious question at this point in time is – how do I protect myself ? And an obvious answer would be start thinking of your actual worth and protect yourself against any such contingencies through life insurance.

Though human life cannot be valued, a monetary sum could be determined which is based on current income, current lifestyle and income required to maintain a similar lifestyle in future years. Life insurance products provide a definite amount of money to the dependants of the insured in case the life insured dies during his active income earning period or becomes disabled on account of an accident causing reduction/complete loss in his income earnings. On a brighter side, life insurance can be a good way of getting guaranteed returns and pension when an individual’s prime earning years have passed.

Please call +91-80885-66788 (M) or 99000-95096(M) for more information or visit our website: http://www.insurefuture.in

  • Share/Bookmark