24/08/2020

BENEFITS of Life Insurance

 





Insurance is a worldwide necessity principle that should be obtained in case of the uncertainty. We have both Life and Non-Life forms of insurance all over the world.



Life Insurance is a policy that should be inducted in a situation whereby people are depending on a particular entity. The entity that they are depending on should and must take life insurance because if he is no longer there, things must continue.



A person who goes out daily to work must take life insurance incase of uncertainty. There are lots of risks both indoors and outside. Human being is naturally exposed to risk.




WHAT ARE THE BENEFITS OF LIFE INSURANCE?

1. Financial Security

2. Financial discipline 

3. Peace of Mind

4. Saving culture.

5. Protects Children Education

6. Collateral for Loan

7. Tax Rebate 

8. Death Benefit (takes care of beneficiaries)





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