Gift Your Family with a life insurance this Diwali

Why Life Insurance is Required?  Good investment option  Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.  Life insurance is a great tool that will help your family in meeting their critical needs.  Life insurance is also used to pay potential federal estate taxes. Since these taxes must be paid in cash, life insurance can be a good way to ensure the fulfillment of this obligation.

Why Life Insurance?  Family’s Financial Requirements  Loans and Expenses Repayment  Draw Loans Against Insurance  Diverse Investment Options  illnesses and Accidents  Tax Benefits

How much Life Insurance is Needed: The amount of Life Insurance coverage you need will depend on many factors such as:  Number of dependents  Sum required for children’s education  Evaluation of investment needs  Affordability

What are its benefits?  Disability Benefits  Tax Relief  Superior to any other Saving Plan  Encourages And Forces Thrift  Easy Settlement And Protection Against Creditors  Administering The Legacy For Beneficiaries  Ready Marketability And Suitability For Quick Borrowing

Types of Life Insurance Policy Different types of life Insurance  Term Life Insurance Policy  Yearly Renewable Term Policy  Whole Life, Universal Life, Variable Universal Life And Variable Life Policies

How To Make a Policy Claim Life insurance claim can arise either:  Filled-up claim form (provided by the insurance company)  Certificate of death  Policy document  Deeds of assignments/ re-assignments if any  Legal evidence of title, if the policy is not assigned or nominated  Form of discharge executed and witnessed

Plan Future This Diwali  Diwali is one of the most awaited festival among Indian families, who plan their Diwali spending's - gifts, clothes, vehicles - throughout the year. Many, however, fail to carry the same planning and enthusiasm when it comes to finances. So plan this Diwali wisely and invest in life insurance.

The best Offers & discount on Diwali Festival Diwali, the festival of lights, also offers many lessons which can be used in financial planning. It is always a wise decision to invest in Diwali as one always give a new start to their life and even banks tend to understand the same by offering huge discounts over policies and insurance plans. In India one has many banks to approach for discounts, for your help some are mentioned below:  MaxLife Insurance  Aviva India Aviva India  LIC

Conclusions  Life insurance decision is determined by income, needs, family circumstances and goals.  Importance of contract provisions and flexibility.  The cost of not taking correct decisions is high and, sooner or later, will impact your future for a long time. Make plans wisely and make this Diwali more fruitful.