An article about why life insurance is required and its benefits.

1. Why Life Insurance is required and Its Benefits
Life insurance policies are nowadays available from the many bigger players and among them many are
international companies too. But, it is hard to ignore our ages old reliable Life Insurance Corporation and
its valuable policies for the Indians. Life insurance from any of the company will definitely offer you
innumerable benefits in return, but basing up on the insurance company reliability chooses these
policies. Some of the valuable benefits associated with the life insurance plans are as below:
Image courtesy of cooldesign / FreeDigitalPhotos.net
 Risk cover is the first and foremost benefit you can obtain through the life insurance. Our
uncertain life duration can impact very badly over the family survival. This impact can be easily
avoided through introducing life insurance policy into your life.
 Life insurance not alone serves as risk benefit, but also will stand into a better investment option
for you too. The investment made on life insurance can result into a great support in meeting
many of the financial needs in the life like children education, sudden health cover expenses and
many more.
 Health is another important factor in everyone’s life that demands close observation and very
often ample spending on the health needs too. This life insurance will be a great choice to meet
your costly medical expenses and other health demands successfully.
 There is a thrift benefits associated wisely with your life insurance policy. This policy will make
you to pay fixed monthly installments for tenure. Generally, this will be long term tenure with
contract from the life insurance company like LIC. The installments paid by you will turn into the
savings too and this saving will be a financial support for your sudden money needs in many
ways too based on the chosen type of policy.
 Never think that your paid amount with insurance policy is coming with added interest rate at
the end of the tenure, but it will be added successfully with additional bonuses in the form of
money. These will be added in the form of annuities and dividends from the insurance company
in addition too.

2.  You can obtain loan from your insurance policy at any point of time while policy under force.
There are few conditions will apply here based on the chosen policy.
 There will be ta benefits too for this policy and policy w=holder will gain good benefit through
this tax benefits facility too.
 You can redeem your LIC policy through keeping it under mortgage too.
There are still some more benefits are there to reap out from your insurance policy. But, definitely
having a LIC policy can keep you under better shade in a way all uncertainties can be faced with strong
will.
Summary: Life insurance is always a better security option for all due to the present day unsecured life
conditions and financial instabilities. There are great deals of benefits successfully associated with this
life insurance in a way the life can be more secured.
http://www.insightglimpse.com/understanding-need-benefits-of-life-insurance/