Human Beings are not immortal. Life can surprise us and create a mess because life is full of uncertainties. If a child, spouse or a parent is dependent on you and your income you need life Insurance.
Starting a family is a life-altering event, with loads of new liabilities and priorities which goes along with the happiness and adventures that come along as the family grows together as a unit. When it comes to protecting yourselves and your family affordable life insurance is a must.
Life Insurance investment ensures that your dependents or loved ones are able to maintain the same quality of life in the event of any contingencies or bread winner's untimely death. This is why Insurance Planning, which is an important pillar of Financial Planning, is a must.
Are you adequately insured? You might have a life Insurance Policy but you may not be adequately covered. In case, your annual income is Rupees 20 Lakh but you have a policy of just 1 Lakh rupees then you are underinsured!
Your Life Insurance Policy's sum assured should be equal to your Human Life value which is roughly equal to ten times of your annual income. If your current annual income is 10 Lakhs then your HLV is approximately 1 Crore. This means you should have a single or multiple Life Insurance Policies with sum assured equal to Rupees 1 Crore.
Never buy a Life Insurance Product without consulting your life insurance advisor because you run the risk of underinsurance, over insurance or a wrong policy in your kitty. Contact only the Life Insurance Experts for perfect Life Insurance planning i.e. Swaraj Finpro Private Limited. Following are the key insurance products where you can invest with Swaraj Finpro Private Limited:
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