LIC Of India, Satellite Office. Sushila Shopping Complex, Sonarpur, Kolkata, West Bengal 700150
Why Life Insurance
Why Life Insurance
Thinking about getting a life insurance product? But not quite sure how it works?
This page helps you understand everything you need to know. Life can be tricky at every stage, and everyone has important needs that need enough money to meet them. That’s where life steps in. It provides plans made just for you, covering different life stages.
Life insurance is super important for everyone. It’s crucial to see the value it can bring—not just for you, but for your loved ones too.
So, what is a life insurance policy? It’s basically a deal with an insurance company. You pay premiums, and in return, they give a lump sum amount—known as death benefits—to the people you choose if something happens to you.
When picking life insurance, we will help map out your needs & goals. This way, you can find the options that fit you best!
What Does It Offer?
Insurance offers a lot in terms of security. It gives peace of mind by ensuring your family is supported even if you're not there anymore. It takes care of various risks and lets your investments grow. Life insurance is a long-term tool that helps with future costs like paying for your kids' education or retirement expenses. There are many life insurance plans available based on what you need. Many of these plans can be customized to fit your preferences too.
Why Is It Important?
Life insurance is very important if you want to protect your family or loved ones from financial trouble when you're gone. Some people see it as an expense, but it’s so much more! It helps build wealth while also offering complete protection for you & your family.
For Singles
Even if nobody relies on you financially right now, life insurance can still be important. You have costs that might require extra income down the line. Life insurance can help cover those costs while keeping your current income safe.
For Families
If someone in the family unexpectedly passes away, it creates a big hole in everyone’s lives. The surviving members deal with stress and sadness. Meanwhile, bills like rent and loans keep coming—expenses don’t stop! Losing an income can lead to immediate financial strain for those left behind. Nobody wants their family to struggle, which is why considering life insurance should be on your list!
What To Buy
There are lots of types of insurance policies available today! Your financial advisor will help you pick the right one based on what you need. Be sure to share details about your current financial situation along with short-term and long-term goals so they can make the best choice for you. Options include Retirement Plans, Money Back Plans, Child Protection Plans, Endowment Plans, & so much more!
