Importance of Insurance in Life:
Everybody needs insurance. It should be part of your life.
Types of policies
Earlier the homeowners thought that having an insurance policy is enough. The days were gone. The uncertainty about the need to cover the insurance cover, as conditions and needs changed. Because the insurance policy does not help if the health emergencies come. It should have Mediclaim. Typical policies are now available for each requirement in life.
This is the insurance that everybody needs. Taking a Term plan is essential. It can be used in three ways. Sudden death, Disease, Disability due to some unexpected accident. These three conditions the term plan will be helpful. It is a rule that everybody follows while starting a term plan is the cover should be 10 times more than the annual income. Life insurance Policy is compulsary for every one.
The health plan is just as important as the term plan. Take a health plan more than your company has given. A minimum of Rs 5 lakh health insurance is mandatory. It is good to take up to Rs 20 lakh. However, experts say there should be about Rs 25 lakh in current conditions.
You have life insurance, no insurance for the vehicle like car insurance, bike insurance The third party cover is mandatory. Because if someone dies in the accident due to your vehicle … that victim may be compensated by third party insurance. Besides these, there are some policies with the engine protection cover, Road Assistance Cover, Zero Depression Cover
Home insurance taken for your home. If you shop, you can take ‘shopkeepers insurance’. Banks provide insurance for the home loan holder. Because if the person who pays a home loan dies, the rest of the EMI is paid by the insurance company.
If you want to get some income from the month after you have retired, you should take a retirement policy from now on. The insurance company pays you monthly when you’re retired
Child Education Policy
Studies are very expensive these days. Companies pay child policies by paying attention to these. Policy can be claimed by the time the child reaches their good courses.
But before you have to take any policy, the company’s track records should be good. compare policies and benefits. Or join the Financial Advisor for Guidance.