Foreword on Life Insurance
Insurance that pays out a sum of money either on the death of the insured person or after a set period.
Life insurance is a basically a contract between an insured and an insurer or assurer, where the insurer promises to pay beneficiary a sum of money in exchange for a premium, upon the death of the insured person or after stipulated time period.
Many factors should be considered before purchasing any Life Insurance Plans. The basic goal of any Life Insurance plan is to provide financial security after your death. The insurer should evaluate their financial condition and the standard of living that can be maintained after their death. Apart from that Mortgage payments, ongoing expenses etc should also be considered. It is always advisable to re-evaluate your policies every year or any life event changes like marriage, newborn, own house etc.
We at suyog evaluate your requirements and suggest the best possible suit for your present and future financial requirements.