Faqs:
 

What is life insurance?

Life insurance can be defined as an insurance plan that pays out a certain amount if, during the term of the plan, you die. The life insurance policy will only pay out once and if a life insurance claim is paid the policy will cease.

You can take out the life insurance policy on your own or with someone else. The cash sum is payable on the first claim only. The life insurance policy can cover yourself, the other person or both of you.



Why do I need life insurance?

If head of your family has gone then imagine the immediate impacts of his death on your family. It will be very tough time for your family in his absence. Although you do not want to assume about it, but there may be some reason because of those people buy life insurance like they want to save fund for their children's education or some people want to save money for emergency time of their family or a fund for a family member with special needs.


Should I review my Life Insurance needs?

Yes, you should review your life insurance at times when some changes happen in your life.
First or foremost, after every 2-3 years just to review.
When you are going to be married
If you are going to get divorced
At your child birth.
When you are going to buy a new home
At time when you are losing insurance benefits like leaving your job etc.