Provides you peace of mind so that your loved ones can be protected from financial losses, you have to be anything. Life insurance is not about you. It is about your family and financial security, if you are not around doing so, then you can promise them.
Life insurance can provide cash at the most when necessary. Depending on your needs and stage of life, you have to choose carefully what type of life insurance is best for you and your family.
Which Type of Life Insurance should you Buy?
1. Term Life Plans
Term Life Insurance usually provides you with the highest cover at the cheapest price.
As the name implies, it is for a specific period, and in case of death, your nominated beneficiary is paid.
2. Savings Plans
The savings plan helps you to plan for your future with children's education, retirement or any other planned expenditure. At the end of the term (or investment term), the amount is paid back to you as a one-time sum. If you die, during the period, to keep your dream alive, a certain amount is paid to your family.
3. Whole of Life Plans
As the name implies, whole life (or permanent) plans provide you security for your whole life. Such a plan is guaranteed to pay on maturity