Why Life Insurance is Important

Importance:

• Ensure financial stability for your family
• Pay off outstanding debts and loans
• Cover funeral expenses
• Provide for your children's education
• Supplement retirement income

Types:

• Term Life Insurance: Provides coverage for a specified term
• Whole Life Insurance: Lifelong coverage with cash value accumulation
• Endowment Life Insurance: Combines insurance and savings
• Unit Linked Insurance Plan (ULIP): Investment-linked insurance
• Money Back Life Insurance: Periodic payouts with life coverage

Key Points to Consider:

• Sum Assured: Ensure adequate coverage for your family's needs
• Premium Payment Term: Choose a manageable premium payment term
• Policy Term: Select a policy term that aligns with your needs
• Riders and Add-ons: Consider additional benefits like critical illness or disability cover
• Claim Settlement Ratio: Check the insurer's claim settlement ratio

Additional Features:

• Critical Illness Rider: Covers critical illnesses like cancer or heart attack
• Accidental Death Benefit Rider: Enhances death benefit in case of accidental death
• Waiver of Premium Rider: Waives premiums in case of disability or critical illness
• Income Benefit Rider: Provides regular income to your family
• Funeral Expense Benefit: Covers funeral expenses
• Tax Benefits: Enjoy tax deductions on premiums paid
• Loyalty Additions: Additional benefits for long-term policyholders
• Guaranteed Returns: Fixed returns on investment-linked plans

Remember, it's essential to carefully evaluate your needs and compare policies before making a decision.

Call us - our financial planners help you with personalized guidance.