The simplest way to explain life insurance is “financial protection for family”. To elaborate,
insurance is a contract or a policy in which an individual’s family receives a pre-determined
amount of money from an insurance company, in the unfortunate event of his/her death. The
primary condition for this to be fulfilled is that the individual must pay regular premiums to
keep the policy “alive” or “valid”.
There are various types of life insurance policies available, all these help in providing financial security and a host of additional benefits. The amount of risk cover is determined by the amount of premium paid, medical conditions, work environment, and other criteria. Thus, life insurance is an important and lucrative financial instrument to have as a protection for you and your family. Do get in touch with us to know how much life insurance you need for yourself to protect your family.