Friday, 12 January 2018

When we need Insurance?

We need Insurance when:




We get Married- Even if our spouse works, He or She might depend on us for financial support .Buy an  Insurance policy for yourself.

We Became a Parent- Our responsibilities shoot up after the birth of a child. Take an Insurance cover to provide the financial security for the new family member.

Our Parents Retire- Take additional Insurance Cover when our dependent parent’s stop working or their Income reduces due to any reason.

We Borrow a Large Sum- Our family will be in a spot if something happens to us and there’s not enough Money to pay the EMIs. Take a cover equal to the Loan amount.

We Start a Business- If we quit our job, we need a bigger cover because we might have lost many of the Benefits that Employee’s get in the organized sector.





No comments:

Post a Comment

How Life Insurance Can Be An Effective Tax Planning Tool !!

It is commonly believed that the start of the financial year is the correct time to start tax planning. However, it is the March Quar...