How will my family manage financially in my absence? This is the subject no one really wants to think about. But if someone depends on you financially, you cannot avoid this.
Life Insurance is a simple answer to this difficult question. It pays cash to the dependent family members in case of unfortunate death of the bread winner.
This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like payment of Mortgage, daily living expenses and kids education funding. What’s more, there is no income tax on life insurance benefits.
While building an investment corpus, the importance of Insurance can never be neglected. Different kinds of insurance products help protect you and your loved ones in different ways against the unforeseen expenses which may be incurred due to accidents, illness, disability, damage to assets and death.
