Our lives are subjected to risks of disability and death due to accidental and natural causes like flood, fire or earthquakes. Death or accidents causing permanent or temporary disability affects the income of a household. The family of the victim is placed in hardship. At times survival is at stake for the remaining family. During such a juncture life insurance is required. Risks are capricious. Accidents take place at a time when least expected. So, it is very essential for every individual to have a life insurance.
Human life is precious and its value can't be measured with a sum of money. Taking insurance is a step to compensate the family members of the insured person. You cant get your loved one back from death. But his sudden loss will never put you in difficulty if you have his life insured. Life insurance is a scheme, which assures a certain sum of money in the form of benefit to the dependants of the insured person. The life insurance schemes are designed in such a way so that a particular amount of money is given to the beneficiaries in case of sudden death of the insured person. So you can avoid complete loss of income in case of sudden death or accident of the insured person if you have a good policy planned beforehand... ....
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