Insurance Service Provider
Lots of people have a negative ton when they received a call for Insurance. Insurance is not a small matter; it is very important part of Human Life which is the most imp tool which helps us at the time of emergency.
Insurance has lots of verities nowadays. First, we talk about Life Insurance because this is most important for any Human.
Life Insurance industry in India is growing speedily but still, India is far behind than other countries like US, Canada, Australia, and China for per capita Insurance level.
Still, highly educated people think that Life Insurance is not needed for them.
Insurance in India is never purchased, it is always sold. Insurance products have pure vanilla product Term Insurance along with many traditional plans & ULIPS but everyone should at least need to be clear on Insurance that which insurance is perfect for them as per their own need & purpose.
Term Insurance is very clean & EASY FEATURES which cover human life as per their current income slab. Term Insurance having tenure up to 40 years subject to Age of entry to Maturity age, case to case basis. It has a simple formula that Risk cover will be given to Nominee in case of something goes wrong to Policy Holder.
Ideally, Term Insurance need to be taken at a young age when you start to earn & it should be periodically increased as per your source of income goes up. Means, it should have an auto shift in which you have to check your current income & current Liability & need to reduce the risk of life through handsome risk cover with suitable Insurance Product.
Presently in India, Term Plan has lots of verities in which you can take benefits of Return of Premium at the time of Maturity, Whole life cover with a short premium paying term and last but not least the RIDERS which make a product more flexible with accident cover, Income loss cover and many more other option.
Insurance is that product which has strong ability to cover the Economical loss in absence of someone special. Emotional Loss can be filled up with time being but the Economical loss is that much hurting to your near dear ones in absence of you which cannot be demonstrated easily.
Insurance is a very good tool, don’t avoid it. You should always love to have it.