Securing an earnings
increment
An earnings increment will
lead to the availability of greater luxuries for your family, which may
tomorrow become a necessity. In such a scenario, an enhanced insurance cover
will ensure that your family will not have to give up on these luxuries which
have become a part of their standard of living in case of an untimely demise.
Parents retiring
Once your parents retire,
they may need your financial support. It
is simple mathematics – additional dependents equates to a need for an
additional life cover…
Availing debt
In case you have availed a home
loan or any other debt, how will your family be able to repay it upon your
unfortunate demise? Would the repayment burden lead to the selling of assets, depletion
of savings, lower standard of living, etc? In order to provide financial
comfort to your dependents, it is essential for you to enhance your life insurance cover to include all your outstanding debts.
Nearing retirement
Though you have been planning for your retirement since a few years, it
is not necessary that the sum would help to financially secure your golden
years. Take aid of insurance to ensure that you are able to fulfil all your
unrealised dreams during your retirement.
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