cop350zx
|
Life insurance means the beneficiary will be able to afford to pay off all your bills, funeral expenses, and debts.
They can pay off the house and only have to pay taxes and utilities in the future.
A left over amount is thoughtful as well.
Not having life insurance is pretty selfish. |
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vikas
|
Life Insurance is taken on the risk of the Persons Life. i.e. if a person who has taken life insurance dies his nominee gets the insurance ammount.
The sum assured is dependent on the premimum you pay. There are various plans which you can buy.
The sum assured in case of death should be atleast 20times your current annual salary
Write back if you need more details on the various plans on offer
regds
vikas |
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toknowmore
 |
Insurance is taken to compensate the loss. Life insurance is to compensate the financial loss if the insured person dies or permanantly disabled.
There are several insurance schemes available to suit one's individual needs.
Good Luck
pnkmurthy@yahoo.com |
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mahobat s
|
apane life ko insur karna apana ko kush ho jana par apna hak famely ko mel saka |
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sock-rocker
 |
Life insurance something that if anything happens to you (you die) your family has money to survive, and funeral costs and stuff like that. |
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rhsaunders
 |
Life insurance, like any insurance, is protection against risk. In this case, the risk is that someone will die with financial responsibilities unfulfilled, such as raising minor children. An insurance policy will provide funds to deal with such responsibilities. |
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sorryaboutthat
|
It is to insure financial stability to people who depend on you in the event of your death. |
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virendra g
 |
we should take the life insurance policy for secure of future. Insurance company take the guarentee to pay equal to the policy Value.
for example if any body want to take the Insurance Policy for Rs 5 lacs and after depositing of one premium in event of death his nominee will get Rs 5 lacs immediate alongwith bonus.
Amount paid for Life insurance is exempted upto Rs 1 lac under Income tax act section 80c.
V.P.Gupta
LIC-Authorised Agent |
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ahmed j
 |
Life is very fragile and death is a certainty. We cannot control the uncertainties of life. But, we can cover the risks surrounding us. Life insurance, simply put, is the cover for the risks that we run during our lives. It protects us from the contingencies that could affect us.
Life insurance is not for the person who passes away, it for those who survive. It is the responsibility of every bread earner to guard against the events that could affect the family in the unfortunate circumstance of his / her demise. Thus, having a life insurance policy is very vital. Before going for a life insurance policy it is imperative that you know about various types of life insurance policies. Major among them are:
• Endowment Policy
• Whole Life Policy
• Term Life Policy |
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greeneuropa.com
|
Is usually taken out if and when you start a family etc.
Their are many types of policies and payout amounts depending on how long and how much you insured yourself for ..etc. |
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