Essays

Advantages of Life policy Risk Cover - Life today is safe of uncertainties; in this scenario Life Insurance ensures that your loved ones continue to bed a good quality of life against any unlooked-for occurrence. Planning for life stage needs - Life Insurance non only provides for pecuniary support in the event of untimely death but also acts as a long term investment. You can meet your goals, be it your childrens education, their marriage, twist your dream home or planning a relaxed retired life, jibe to your life stage and risk appetite. Traditional life indemnification policies i.e. traditional endowment plans, put up in-built guarantees and defined maturity benefits by dint of variety of product options such as Money Back, Guaranteed cash in Values, Guaranteed Maturity Values. Protection against rising health expenses - Life Insurers finished riders or stand alone health insurance plans offer the benefits of protection against deprecative diseases and hospitalization expenses. This benefit has assumed critical importance given the increasing incidence of lifestyle diseases and escalating checkup costs. Builds the habit of thrift - Life Insurance is a long-term contract where as policyholder, you have to pay a frozen(p) amount at a defined periodicity. This builds the habit of long-term savings.

Regular savings over a long period ensures that a decent corpus is built to meet financial needs at various life stages. Safe and paid long-term investment - Life Insurance is a passing regulated sector. IRDA, the regulatory body, through various rules and regulations ensures that the safety of the policyholders money is the primary responsibility of all stakeholders. Life Insurance being a long-term savings instrument, also ensures that the life insurers centre on returns over a long-term and do not take risky investment decisions for short term gains. certified income through annuities - Life Insurance is one of the best instruments for seclusion planning. The money... If you want to get a full essay, order it on our website: Orderessay

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