A life insurance plan is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured.
Beneficiaries shall be given a guaranteed amount upon death of the insured
Guaranteed amount shall be given to insured to serve as an aid to insured’s living expense
Sum insured can aid in covering insured’s daily living expenses
Secures your assets by covering all debts & estate-related expenses
Provides income for your family and shoulder living expenses
Spouse will be guaranteed an amount to cover for living daily expenses
Fund used for accidents and unforeseen situations that may arise at any given time
Fund used to cover school tuition fee and other educational expense for your children
Guarantees payment of a death benefit for a specified term which can be renewed once term expires.
Guarantees coverage up age 100 with a death benefit and savings component allowing policies to build cash value.
Insurance that has an investment component making benefits dependent on the performance of the fund it is invested in.
Life insurance is a contract between the insurer and the policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured. It is important to have a life insurance since this contains solutions to the problem of protecting human life values against inevitable economic loss through the following life’s risk:
Other uses of life insurance are:
Getting life insurance coverage early offers several advantages, including lower premiums, guaranteed insurability, and protection for your loved ones in case of unexpected events. As you age, the cost of life insurance increases significantly due to higher risks of health issues and mortality, making it more expensive and potentially unaffordable.
By getting coverage early, you can secure lower premiums that will remain fixed for the duration of the policy, ensuring affordable and consistent coverage. Moreover, early coverage guarantees insurability, meaning you can get coverage regardless of any changes in your health or occupation.
Choosing the best type of life insurance depends on your specific needs and preferences. Factors such as your age, health, financial goals, and budget are just a few factors that need to be determined to identify which life insurance product best fits for you.
Our financial advisor can help you evaluate your options and choose the best type of life insurance that meets your needs and provides the necessary financial security for you and your loved ones. Kindly email us at info@rampver.com to know more about life insurance and get yourself covered as soon as possible.
It will always depend on your goals, priorities and needs. Here at Rampver, we ensure that we partner with the most stable insurance companies that could provide efficient and quality services.
Yes, in Rampver we adhere to our core proposition providing competent and unbiased advice to those who would like to consult about their existing plans and investments for free!
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