Insurance Planning
Get Price Quote
We are a prominent Insurance Planning Service Provider based in India.
Life insurance provides funds to your family or an organization after your passing
Term life insurance provides protection at a low cost, but doesn't build cash value
Permanent life insurance provides protection while serving as an investment opportunity with potential for growth
Life Insurance Planning provides a way to help those you care about to maintain their quality of life in the event of an untimely death and may provide retirement and other benefits to you during your lifetime.Why life insurance? A life insurance policy can provide protection based on your current situation, goals and needs :
Permanent life insurance provides lifelong coverage while building cash value
Term life insurance often costs less, but covers only a set period of time and does not build cash value
If you already took steps to financially protect your family, remember to periodically assess your situation. Changes in your income, financial obligation and long-term goals mean the type and amount of Insurance Planning you need may have changed, too. Why we need Insurance Planning?Ajay is 35 years old and works for a multinational corporation (MNC). He has a ten-year-old son, Vijay, whom he dreams will one day become a doctor. Ajay's spouse is a housewife, and his parents are retired and dependent on him. Ajay has a home loan and is making monthly investments for Vijay's higher studies and marriage and his own retirement. Ajay wants to ensure that Vijay gets the best of everything and that he himself is not dependent on Vijay during his retirement in the way that Ajay's parents are on him. So far everything is going well with Ajay's plans. But imagine what will happen in the following scenario. One day while returning home from the office Ajay has an accident and dies. What will happen? Who will take care of the family, Vijay's education and marriage, the home loan etc.? What are the options available to Ajay so that his family can be taken care of in his absence? Now put yourself in Ajay's shoes and imagine you are the family income provider and have to face the above scenario. What will you do? Relax! Our intention is not to panic or scare you. We are using this case study to try to help you realize the importance of insurance which is the solution to all the problem.
So, let's look at the scenario again and see how insurance can provide a solution. Life insurance provides protection to a family on the untimely death of the income provider. If Ajay has adequate life insurance cover, then should he die, the money received from the life insurance company can help to support his family.The insurance money will help to take care of the family's living expenses, Vijay's education and marriage, and the cost of the home loan etc.What are the benefits? As individuals it is inherent to differ. Each individual's insurance needs and requirements are different from that of the others. Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement.
When you discuss for a life insurance plan you’ll need to review information about your financial situation. For example, you’ll likely cover your :
Current life insurance and savings
Current income and monthly expenses
Other family commitments, such as college funding
Survivor's basic needs
Survivors' expected income vs. income needed to cover expenses for life
After assessing your coverage needs, your advisor can recommend the right life insurance policy for you.
...more