Namastey 🙏🏻🇮🇳
Hello Friends, How are you all?? Wishing you all Happy and prosperous life ahead.
Term Insurance is also one of the importance insurance after Health insurance, in my last blog i have discussed about Health Insurance. Today i would like to tell you about Term Insurance When Policy Holder have to pay a premium for a period of time – typically between 10 and 30 years – and if the Policy Holder Dies during that time a amount of Money benefit is paid to your family (or anyone else you name as your beneficiary). Such a policy helps combat inflation by ensuring that the coverage remains adequate even as the cost of living rises.
Why Term Insurance??
The younger you take term insurance, the more beneficial it is because the premium is lower and the premium remains fixed for the number of years the policy is in force,Even if any epidemic disease like Covid occurs, your premium will not increase, it will freeze as long as your policy under the time Period. Why should one take term insurance? You are the head of the family or you are the only person who is earning. Your entire family depends on you.And you are worried that if something happens to me in life, who will support my family financially? Term insurance is a very good insurance, Which not every person wants to take, nor would his family members want me to get the money for it.But they say that death never comes suddenly, the biggest example of which we saw in Covid,When we lost our loved one.
How much Sum Insured ??
So whenever you take a policy, try to give all the correct information.If you give any wrong information while filling the form, it can prove costly for your family in the future.Do not give any wrong information in order to get lower premium. How much insured amount we get in term insurance??. Well it is said that there is a fixed amount. Like 50 lakh, 1 crore Or 2 crore depending on your premium. secondly sum insured is 25 times more of your annual income.
In a term insurance, you can make more than one nominee and if you want, you can get the entire sum Insured at one go or monthly, annual or quarterly, If you take term insurance, then you have to fill these type of information. If you ever take term insurance, then think very carefully and fill all the information correctly.
Whenever we take term insurance and health insurance, this is what comes to our mind, God forbid you ever need it, But life is completely opposite, now no one knows what problem will arise in front of life. And whenever you take this type of insurance, know all the details yourself and compare different policies before taking it and do not depend on the agent, Because the agent will lure you with low premium but he will create a problem for you in the future.
Thankyou 😀😃
@gargi 🙏🏻🇮🇳
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