Choosing The Right Policy

a. To provide income continuity in the event of death or disability
Even in a family with more than one income, the family will suffer a financial setback
if one of the income earners dies. In the case of a family with only one breadwinner, the hardship will be severe.
Similarly, if a person becomes totally and permanently disabled, he or she will not be able to continue working. In addition to loss of income, there will be a financial drain caused by the need to accommodate the condition. The family needs to be protected against such misfortune.
Life insurance provides financial protection for your dependents. It gives them cash to tide them over difficult times. When buying life insurance for this purpose, you should look at the financial commitments of your family.

b. To provide income for the policy holder if he/she becomes critically ill Should you be diagnosed with a critical illness, such as cancer, kidney failure or stroke, medical expenses will add up to a hefty amount. Critical Illness Insurance can help with such expenses as a lump sum of cash will be paid to you once you are diagnosed with a critical illness. This money can help you with medical bills and other expenses arising from the critical illness.

c. To provide savings or investments
Life insurance is not just about sickness and death, it is also a good savings and investment tool. You may be saving for a car or piece of land. You may want to go on a holiday or for further studies. The Insurance plan will provides you with stable returns and helps you realize your dreams. It is also a good investment vehicle that can help you build a retirement nest egg.

d. To provide for your children’s education
Education Insurance is an effective solution for your financial plan, ensure the cost for your children’s education journey