-
Protect against major
debt.
-
Secured Saving.
-
Be a security
for you loans, esp. Home loans.
-
Build cash value for
college funding/Marriage.
-
Build Pension to be
available during your retirement.
-
Provide financial
support for your family and enable your loved ones to maintain their standard of living in the case of an terminal eventuality.
Life Stages
Your
insurance need will change as your life does, from starting to work to enjoying your golden years and all the stages in between.
Each one of these stages may pose a different insurance need/cover for you. In this section, we have drawn up the basic life
stages and help you analyze various insurance needs accordingly.
STAGE 1: Young and Single
An important stage where
one lays down the foundation of a successful life ahead. Take advantage of the time and power of compounding to ensure that
you build up your dreams. Start saving early.
Your
needs:
STAGE 2: Just Married
Marriage
brings about a significant change. New dreams and new opportunities also bring in additional responsibilities. While both
of you look forward to a happy and secure life , it is equally important to ensure that eventualities don’t come in
the way of shaping your dreams.
Your
needs:
STAGE 3: Proud Parents
Once
you have children, your need for life insurance is even more. You need to protect your family from an untoward incident. Ensure
your protection umbrella takes into account the future cost of securing your child’s dream. You will want life to go
on for your loved ones, and having enough life insurance is a way to help ensure that.
Your
needs:
-
Provide for children’s education
-
Safeguarding family against loan liabilities
-
Savings for post-retirement
STAGE 4: Planning for Retirement
While you are busy climbing the ladder of success today, it
is important for you to take time and plan for your life after retirement. Having an early start for retirement planning can
make a significant difference to your savings.Think about your golden years even before you have reached them. The key is
to think ahead and plan well using your time and money.
Your needs
-
Provide for regular income post retirement
-
Immediate Tax benefits
-
Lead a secure, independent and comfortable life style in retirement
years
