Indian money Review is Proving Information on Life Insurance Policies –Indian Money
Indian money Review
is Proving Information on Life Insurance Policies –Indian Money
Life Insurance is a contract between the insurer and
the insured, that in exchange for regular premium payments by the insured, the
insurer will provide a lump sum amount (known as Death Benefit) to nominees of
the insured, upon his/her death, within the term of the plan. Premium paid
depends on sum assured.
Want to know more on Endowment Life Insurance? We at Indian Money Review
will make it easy for you. Just give us a missed call on 022 6181 6111 to
explore our unique Free Advisory Service. Indian Money reviews
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Why Life Insurance indianmoney.com Review
- Maintain quality of life
In case the primary earner in the family passes away, it
affects the family drastically and completely derails the lives of everyone in
the family. To avoid putting them through additional financial burden, life
insurance ensures that the quality of life is maintained.
- Continue business
Life Insurance is crucial for a business person to
protect the business from losses, liability and instability. Nominating a
business partner or a key person allows them to keep the business operations
running.
- Children’s education
Anyone who is a parent or is planning to become a parent, must
have life insurance cover to ensure that children’s education isn’t
affected by his/her absence. Children can continue their education without
disruption, while under the supervision of a single parent or legal guardian.
- Clearing debts
A person may have availed loans or other debts during his
lifetime. In case these loans are outstanding at the time of his demise, the
burden of repaying these loans will fall on his heirs or spouse. Life
Insurance will decrease this burden by paying off the debts in part or in
full.
Types of Life Insurance Policies
Term Insurance (Term
Plan)
Whole Life Insurance
Endowment Plans
Unit Linked
Insurance Plan (ULIP)
080-4268-7207
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