What is life insurance and benefits?
Life insurance aids you in life stage planning where you can plan your life's financial goals as per your convenience. It helps you plan for your life stage needs. Life Insurance not only provides for financial support in the event of untimely death but also acts as a long term investment.
Is there any benefit to life insurance?
One of the advantages of life insurance is that you can sometimes add on extra protection, like Critical Illness Cover, which can help with a cash sum if you become critically ill. The possible benefits include: A cash sum which can be used to help towards anything from childcare costs to household bills.
What are the benefits of insurance?
Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.