Q . Why do we need insurance ?
1. Insurance acts as a financial back-up at the time of emergency
None of us know and can understand what the future holds for us and for over loved one. Unexpected emergencies and situations such as injury, accidents, illness, and even death can leave you and your loved one facing pain tremendous emotional strain. Insurance plans can help you and your family emotionally and financially strong so that you can focus on rebuilding your life which otherwise may be ruined. You can see several example of these situations in your small local area . Not Noticing these issues doesnt mean that these are not happening.
2. Insurance makes retirement secure
A retirement life insurance policy is a type of insurance plan that helps you to save part of your income over a long-term period and makes you financially secure and safe post-retirement. The accumulated income will be given back to the insured person as a pension, which you can draw for your whole life. It looks very easy but in young life we all do this mistake and give minimum attention to saving.
3. Insurance helps in securing future
Your present life might be stable and secure with a steady income flow that meets your and the family’s needs. But life is uncertain and go in any direction. Some unforeseen crises can shake life and make you miserable. Without you, will your family be able to meet the requirements in the future? With the term insurance, you will be securing your self and your family to help them receive a lump sum amount to help them take care of their needs and choices.
4. Insurance encourages savings
Not only insurance help you but also Several life insurance plans, such as a money-back policy, help create regular savings by allocating some funds in the form of a premium every year. Unlike a basic life insurance plan that gives money back at the time of maturity, a money-back policy pays an amount to the policyholder after a few years of investing in the policy.
5. Insurance will provide you peace of mind
Along with financial security, insurance gives you peace of mind as you always feel secure about you and your family. No Gift is as valuable as Insurance policy. You can make your daughter secure for whole life, no matter what changes or challanges life bring.
