Safe guard your Loved one a stress-free Financial Future
Having a family that cares for you is the most precious gift in life. You do everything possible to be with your loved ones and take care of both emotional and financial needs to make sure that your loved ones are protected and happy throughout their lives, you must take steps to protect their financial future if something unexpected happens to you. It is where the decision to buy a life insurance policy plays a vital role. Life insurance acts as a tool to protect your family from potential financial losses that may come up after your unfortunate demise. The life insurance benefits your family members will receive help pay off debts, meet regular living expenses, and support various life goals.
Every policy buyer must understand different types of life insurance before buying any of them.
Which Life Insurance Plan Suits Your Need?
Everyone has different financial needs and life goals, based on which he/she should choose a life insurance plan. With Inslyf, you get the flexibility to buy life insurance plans that can be customized to meet your specific needs. Here is a small guide to help you select the right plan:
What is Life Insurance Policy?
A life insurance policy refers to the contract between an insurance provider and an individual . As per the agreement, the policyholders pay a certain amount as the policy premium while the insurer pays a specific amount to their family on untimely demise of life insured. With death being the only sure thing in life, it is crucial to buy the best life insurance policy that suits your financial needs.
Why Choose Life Insurance ?
With life insurance, you can make sure that the financial security of your loved ones in your absence, is never compromised. The insurance benefits they receive will help them finance their regular expenses and life goals.
How does life insurance Policy work?
A life insurance policy provides a sum assured to the nominee in case of the untimely demise of the life insured individual. There are different types of life insurance plans that you can choose based on your goals and protection needs.
Which type of life insurance plans is the most affordable?
A term plan is the least expensive variant of life insurance, which does not offer any survival benefits. The plan expires when the policy period ends. However, term plans with return of premium is another variant of term insurance which provides survival benefits.
When should I buy life insurance Policy?
The right age to buy the best life insurance policy is when you are young and shoulder the least number of financial liabilities. The earlier you buy a plan; the lesser will be its premium.