Life Insurance is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a set period or upon the death of an insured person.
Life Insurance acts as financial protection for your family in case of your death or a payment made to you on surviving the policy term. In return for this payment, you make periodic fixed payments to the life insurance company.
Risk: Early death of bread earner
Probable loss: Family left to manage certain goals like education, marriage, even regular household expenses etc. on its own.
Life insurance has many benefits apart from risk coverage:
Life insurance covers the risk of death. However, you can opt for add on riders like:
To get a Life Insurance quote contact us.
