How to Choose the Right Life Insurance for You

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How to Choose the Right Life Insurance for You
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• There are a lot of people who receive pleasure
  from buying things, it is called retail therapy.
• Its the feeling of elation that you feel when
  you purchase a new item of clothing, a new bag or
  anything new for that matter.
• Sadly no one derives pleasure out of purchasing a
  new life insurance policy.

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• Life insurance plans are your security blankets
  for the future, in case something were to happen
  to you, they make sure that family is taken care
  of financially.
• Your life insurance plans can help fund your
  childrens education, help clear your debts and
  basically help your family get back on their feet
  in your absence.

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• In order for your life insurance plan to be a
  good investment as well as a security, it needs
  to be tailored to the needs of your family.
• While buying a plan one needs to take into
  consideration the current income, loans if any,
  the expenses etc. of a family.
• Your life insurance plan will only be useful if
  it provides sufficient cover to your family in
  case of an unfortunate incident.
• There are a lot of life insurance companies in
  India that provide multiple plans.
• To choose one that suits your needs the best you
  need to look into all of the above factors.

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There isnt just one type of life insurance you
can invest in. There are multiple kinds with
different benefits from each. Here are some
options you can explore.
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Term Insurance
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• Its the simplest type of insurance.
• Here, your family is assured a pre-decided amount
  in case of a death, if it takes place within the
  term of the insurance.
• If it doesnt the insurer does not have to pay
  anyone.
• The lure of this type of insurance is the low
  premium.

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Endowment Policy
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• This policy has a dual benefit.
• One part of the premium goes to the insurance
  while the other part is invested in equity or
  debt.
• At the end of the term or in case of the death of
  the policy holder, a lump sum is paid to the
  family.

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Whole Life Insurance
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• This policy provides cover for the entire life of
  the policy holder or for a hundred years
  whichevers earlier.
• In addition to that, the policy also calculates a
  bonus on the amount assured, which it then pays
  to a nominee after the death of the policy holder.

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Child Insurance
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• Child Life Insurance pays a lump sum amount to
  the child of the policy holder in case of his/her
  death.
• This amount is paid to the child at set intervals
  as planned by the policy holder.
• This insurance is a good choice to secure your
  childs future.

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Thank You!!