Why do we need Insurance Planning ?

CAN YOU BE SURE AS TO WHAT MAY HAPPEN TO “U” IN THE NEXT FEW MINUTES???...

DO YOU WANT TO BE FINANCIALLY SECURE IN THE EVENT OF ANY UNFORESEEN CALAMITY???...

As you know like this Life is full of uncertainties & unpredictable events, so insurance is needed to provide peace 0f mind for you;

The following Insurance benefits will provide you some idea on why do you need Insurance Planning in present situation. Need for Insurance Planning can be segregated as & known by

1) Common Insurance Benefits; 2) Life Insurance Benefits and 3) General Insurance Benefits

Common Insurance Benefits

     #      Provides the much required UNAVOIDABLE RISK COVER for us;

     #      Providing replacement income for your dependents on any unforeseen events

     #      You can’t find any parallel substitute in the financial world for the risk cover that is provided by insurance

     #      Money back plans provide risk cover & liquidity as it returns a portion of the sum assured at regular intervals to us.

    #      Unit linked plans combines market linked high risk returns along with risk cover

    #      To protect ourselves and family from financial risk

Life Insurance Benefits

    #      To ensure that immediate family has some financial support after the bread winner / insured demise

    #      To have a savings plan for the future

    #      To ensure that your immediate family members are able to maintain their standard of living upon our demise

    #      For the cost of raising children

    #      To ensure that an extra income available

    #      Create an inheritance for your heirs

    #      To pay off debt

    #      Income tax relief

    #      To pay your final expenses like funeral and burial costs, probate and other estate administration costs, debts and medical expenses.

General Insurance Benefits

    #      To make good or indemnify any financial loss suffered

    #      To compensate your family for medical expenses through health insurance

    #      To replace the lost or damaged goods in good condition

    #      Provides Third Party Risk Cover if damaged by third party other than us

    #      Also provides Burglary Risk Cover for theft in home or office

    #      Loss of Profits can also be  indemnified

    #      Provides risk cover for unemployment ; so we can get monthly returns for the premium paid

Categories: Insurance, Insurance Planning, Tutorials