IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER Nearing Retirement: You may have a pension and considerable assets that can generate good income after your retirement, however with suitable insurance planning you can sustain your standard of living more comfortably.The family is dependent on the earning member for their total support, so insurance on that life is vital. Married with kids: A single-income family with young children is the classic high-need situation.If both of you are sufficiently insured then the death of either spouse would not be financially catastrophic. Life insurance in such a case is an important investment. Just Married: Married couples with no children need to plan ahead to ensure financial security for each other.If you have any family member dependent on you for financial support then by all means you should consider life insurance. Buy a policy now while you're young and benefit from low premium rates for life. ![]() However, as you grow older you will be assuming new roles and taking on larger responsibilities too. Young Professional: When you’re young and single you may have no financial responsibilities.Investment in insurance is required at all stages in life but the quantum of insurance changes as life progresses. Db OnlineBanking for Corporates and FirmsĮveryone, irrespective of age, gender, income, wealth etc.
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