Insurance being a necessity rather than choice
Life insurance is almost a basic need. Itâ€™s the first step in Personal Financial Planning. It fulfills different purposes for different people and can provide valuable benefits if you make your choices carefully. Like many think mistakenly, life insurance is not just for financial protection in the event of untimely death of a family breadwinner. It can also be a comprehensive wealth accumulation solution that benefits almost all.
Whether you are young or old, rich or poor, employed or a business person – you can get a plan tailor made for you.
But while everyone may need life insurance, they do not ask for it. Many believe Life Insurance is difficult to understand, the selling process is pushy or cumbersome and the benefits are not really useful. Thatâ€™s why you need simple, easy to understand Life Insurance plans with real benefits at a good price, backed up by efficient service.
Taking a life insurance responsibly can help us live the life we want to and protect our family after we are not there. Without life insurance many people would be left destitute in the event of an unexpected disaster.
Besides providing for financial security in the case of oneâ€™s untimely death, it can be used to accumulate a kitty for the old age, systematically build assets for funding oneâ€™s childâ€™s education and also for saving on taxes. (Download the report by clicking link below for full article)Dr. P. Nandagopal Managing Director and CEO IndiaFirst Life Insurance Co. Ltd.
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