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What is Life Insurance Investment?

Human Beings are not immortal. Life can surprise us and create a mess because life is full of uncertainties. If a child, spouse or a parent is dependent on you and your income you need life Insurance.

Starting a family is a life-altering event, with loads of new liabilities and priorities which goes along with the happiness and adventures that come along as the family grows together as a unit. When it comes to protecting yourselves and your family affordable life insurance is a must.

Life Insurance investment ensures that your dependents or loved ones are able to maintain the same quality of life in the event of any contingencies or bread winner's untimely death. This is why Insurance Planning, which is an important pillar of Financial Planning, is a must.

How does Life Insurance Product protect your dependents or your loved ones?

1. Takes Care of your Loans and Liabilities.
2. Takes care of your family's monthly expenses.
3. Takes care of your children's education and marriage.
4. Takes care of your aged Parents.
5. Takes care of your dependent spouse, especially when she is a non- earning housewife.
6. Takes care of your family's lifestyle.
7. Take care of any other special needs of your family.

How Life Insurance Services does benefit you?

1. You do not have to worry about your Family in case of your absence.
2. You can receive Income Tax benefits under section 80C of Income Tax, 1961.
3. You can book high returns in case your life Insurance policy matures.
4. Your Life Insurance policy fulfills your financial commitments in your absence.
5. You and your family can enjoy a Tension free life.

How much Insurance do you need?

Are you adequately insured? You might have a life Insurance Policy but you may not be adequately covered. In case, your annual income is Rupees 20 Lakh but you have a policy of just 1 Lakh rupees then you are underinsured!

Your Life Insurance Policy's sum assured should be equal to your Human Life value which is roughly equal to ten times of your annual income. If your current annual income is 10 Lakhs then your HLV is approximately 1 Crore. This means you should have a single or multiple Life Insurance Policies with sum assured equal to Rupees 1 Crore.

The Swaraj Wealth Advantage!

Never buy a Life Insurance Product without consulting your life insurance advisor because you run the risk of underinsurance, over insurance or a wrong policy in your kitty. Contact only the Life Insurance Experts for perfect Life Insurance planning i.e. Swaraj Wealth. Following are the key insurance products where you can invest with Swaraj Wealth:

  1. Term Life Insurance
  2. Traditional Life Insurance
  3. Unit Linked Insurance Plan

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