Life insurance is a financial protection plan to safeguard a family's financial future when the policyholder is no longer in a situation to support. During the unfortunate event, the nominee mentioned in the policy by the policyholder receives the economic benefit. It acts as a defence in protecting the family and loved ones.
How does life insurance work?
• Choose the policy and its terms based on the need and the goal.
• Availing the policy at the earliest stage of life to get maximum benefits.
• The insurance company does a complete health and medical check-up of the person.
• Nominated beneficiary receives a lump sum benefit if the policyholder dies.
Benefits of Life Insurance Payments
- Mortgage Repayments
- Medical expenses
- Old age care
- Existing living expenses
- Funeral expenses
- Education for Children