Life Insurance
Life Insurance is one of the essential investments of life, which everyone should make to secure the future of his or her family. It is worth buying who have one or more dependents, as in case of the demise of the only income earner, a life insurance policy plays a major role in helping your loved ones pay for huge unattained financial obligations and even day-to-day expenses. Undoubtedly, it is one of the most affordable ways of financially protecting your family, who are financially dependent on you such as your spouse, parents, or children. Here is a comprehensive guide that explains all about life insurance, its meaning, types, and benefits.
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When it comes to securing the financial future of your loved ones, term insurance is a popular and effective option. However, for married women, there’s an added layer of protection available through the Married Women’s Property (MWP) Act of 1874. It offers legal protection to the beneficiaries, particularly in terms of safeguarding the rights of a married woman over the proceeds of an insurance policy.
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This World Cancer Day, let’s not just raise awareness but take action to protect ourselves and our loved ones with the best cancer insurance plan.
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Everyone dreams of enjoying a stress-free and fulfilling retirement. To turn this dream into reality, having a solid financial plan, including a reliable pension, is a must. A pension provides the stability and lifelong income needed to enjoy your golden years with peace of mind.
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Term insurance is a life insurance product that provides coverage for a specific period (the term) in exchange for regular premium payments. In case of the policyholder’s unfortunate demise within this term, the nominee receives a lump sum payout (death benefit).
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When you choose a life insurance policy, naturally you tend to focus on the premium amount, the sum assured, and the coverage. But there's one more aspect that you need to pay attention to the surrender value.
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Life insurance policies offer essential financial protection, but they also come with certain responsibilities, especially when the beneficiary is a minor. In such cases, the role of an appointee becomes vital.
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