Monday, 1 April 2013

life insurance cover and Its importance



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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