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TIPS TO TAKE UP GOOD LIFE INSURANCE PLANS

 

TIPS TO TAKE UP GOOD LIFE INSURANCE PLANS

MoneyMindz.com India's First Free Online Financial Advisory

MoneyMindz.com India’s First Free Online Financial Advisory

Insurance is the major concept of your life and when you try to take up insurance like Term insurance, Life insurance, Home insurance gives lot of happiness to your family. Good life insurance protection comes with various forms and one needs to be very alert in choosing the policies in a systematic and satisfactory manner. 

MoneyMindz.com India's First Free Online Financial Advisory

Some of the interesting tips to take up good insurance plans are as follows:

Keep Child’s Need In Mind:  You must understand the requirement of your children. Give importance on encouraging children to achieve vital milestones and allot some funds to the welfare of the children.

Sweet Combination: You must have a sweet combination of protection and investment. It will play a major role in protecting interest of your kid and promote the welfare.

Sum Assured: Critical aspect of life insurance and one must be very careful in selecting correct plan. If your age is below 30, then options for sum assured, 15 times more than your current income.

Build a legacy:  Life insurance offers tax free benefits to relatives and beneficiaries mentioned in the form. You are not going to risk your coverage at the end of a particular period.

Protects Your Assets: During death of a policyholder, the relatives / family member’s mustn’t face any problems. So the happiness of your family must not be destroyed, hence make sure that you are insured.

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