Life insurance is a “priceless gift”. It should not be ignored at any cost for the financial security of our family and loved ones.
Life insurance is fundamentally a contract between the insurance policy holder and the insurance provider. It is a legally an imperative contract that provides a death benefit to the policy holder when the insured dies.
A series of benefits is given to you after you die during the policy term. You will get covered for chronic or terminal illness. Your family doesn't need to worry about living expenses. Right from the education cost of your children to wipe out your mortgage to clear your financial debts, life insurance covers everything.
You just have to give a specific premium cost and in exchange the insurer pays a definite amount after a period of your death.