Life Insurance

LIFE INSURANCE

Life insurance allows long term savings to be made in a relatively painless manner because of the low and convenient investments made through premiums. Moreover, it encourages ‘forced thrift’ which means the insured is made to pay premiums and save money, which he/she may not do in the regular course of life. Besides, the money stays invested for a longer time and thereby maximizing your returns through the power of rupee compounding.

Life insurance is a contract providing for payment of sum of money to the person assured; or to the person entitled to receive the same; on happening of a certain event. Life Insurance provides a lumpsum or periodic payments to help replace the income stream or cover future liability, in case of an unfortunate event or untimely demise of the breadwinner.

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