Frequently asked questions
Frequently asked questions
Life Insurance is not necessary but is a smart investment to make, especially if you have a dependent spouse and children. It offers your family the benefit of financial support even after your death. In addition to this, it offers a number of advantages and provides a lot of flexibility on your investment.
The amount that you receive on maturity depends on the amount of premium you pay. The maturity benefit you need depends on your standard of living, income, spending habits, etc. You should aim to receive a maturity amount equal to 8 to 10 times your annual salary.
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Financial stability for your loved ones even after you are not there. There’s alsoRegular Money back payouts in case you have opted for a money back plan. Further you get tax benefits in case you have Life Insurance coverage.
If you are earning member of the family you should buy a life insurance to ensure that your family continues to receive income even when you are not there. A life insurance policy is like a financial safety net that protects your family financially in your absence.