Published May 24, 2021
2 mins read
401 words
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Medical
Insurance
Health

Importance Of Life Insurance During Covid Times

Published May 24, 2021
2 mins read
401 words

As we cannot predict the future but we can protect our future with insurance which is very important now a days if we talk about life insurance or vehicle insurance every insurance is paramount in terms of Protection :- as it is very beneficial in this pandemic because it works as a guard for your family, Financial security:- As by the name suggest is secures you and your family from unexpected events or illness, Covers your expenses :- As it definitely covers your expenses of your illness of any events.

If we saw today's scenario 80 out of 100 is hospitalised someone is due to covid and some are hospitalized from other issues, the middle class as well as lower class people cannot afford the fees of the hospitals the costs for patients on ventilators are considerably higher, so insurance is must to get claim from your physical issues .

Buying insurance online - You can buy any insurance by the click of the button and so many trustable websites are there from which you can but it online with very less formalities and with great discounts and there are so many best insurers which help you and guide you in every step or in every field you will not feel any difficulty no medical test needed no such formalities are required you can easily compare the various term insurance features in fact this it is a hassle free process that secures your life .In these tough times, a term life insurance policy is not just limited to benefits but moreover has become a necessity .

Three types of insurance:-

  1. Term insurance - it is the purest form of life insurance , this plan provide the life insurance protection for the specific term, a death benefit is paid to the nominee in case of assured's death during the policy term.
  2. Guaranteed return products - it provides a tax benefits , fixed returns and a life protection.

3. Ulips - Ulips are unit-linked insurance plans they provide a two-fold advantage of investment with insurance coverage and have a lock-in period of five years ulips are best suited for individuals with a long term financial plan of wealth creation and insurance a ulip continued till maturity  iit works as an advantage it gives you a dual benefit of saving and protection .

πŸ”…So be responsible take your life insurance now and be risk free .

#fitindia
#Stay safe
#Stay fit
#Insurance
#Claim
#Medical issues
#Debtcover
#Tax benefit
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candle.blog 5/24/21, 6:36 PM
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sumitsing 5/24/21, 11:58 PM
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1
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