Hi Guys! i welcome you on another article, hope you all doing well. Many of us were confused by the term “Insurance” and there are many questions about it like what is inusrance?, is it mandatory?, how can i get insurance? and what are the benefits of insurance?
Answer to your all questions are here. Just you have to read carefully because every para is full of enjoyness of this topic also if you have any questions or you want a specefic article then just request it on below by comment.
There are many types of insurance like vehicle insurance, business insurance or health insurance etc. And every insurance is important in their prespective like if there is a need of vehile insurance then it would be priority but at the top of all we always concern about our healthy life and for this health insurance is must nowadays. So as i say there many insurance and here we talk about them, so without wasting time just read it.
Why Insurance is important?
Insurance policy plays an important role in our life. Infact, while marriage or birth of a child that time is insurance is neccessary.
Now, we try to understand how the insurance is crucial of your life and gives you a protection. In other words, you can say insurance gives you a second life.
For everyone, life insurace is vital and protects your family for life long and gives you a peace of mind , Insurance is also used to cover your marriage, Renovation , car loan, or your personal loans. Life Insurance helps you that time when you retire and after your death it help’s to your family and this is the best advantage of the insurace.
Insurance can maintain thier life style when your income resources is less. Insurance create protection for what you have and what you want in future. For family protection , life insurance is must.
This protection gives you a safe and peace life specially for future of your family, so your understand for life insurance is good and alwyas sure you have both the right type and level of lover.
Remember one thing , a lot insurance is totally wasted of money and its gives you a financial risk. You have to find out relevant insurance. Right insurance gives you a better life and it also replace your income.
Is there any benefits of Insurance?
Is insurance important? If yes then Why is it important?
lets try to find out five major reasons:
Protection for you and your family
If you take insurance then the result of this insurance is hows on your family.Your family does not need to depend on anyone on another who home and raise them for enjoying a better life. Once you start your family this insurance should be your first step because the people who is most important in your life insurance will protect them..
The success of any organization or business is based on ivestigation and controlling the risk. First of all, you have to make plans twards the attainment of your goals and this is the reason of your low risk.
And This some thing happens in your life whe you do insurance. If you take insurance then the chances of your bad life is low. And another thing if you have insurance then this things allow to take risk in business but with a producatable idea.
So much benefits of insurance head if anyone wants to build up business or want open a shop , so there is insurance helps you to undertake risk in your business.
insurance is also help determine your personal goals, family and any other goals.For example, you have a dream for your children or may be your children have a dream?What are your carrier goals?At what age you want to retire?
This, things helps you to evaluate how much life insurance is helpful for you and your family and protect the peoples who love you most.
Regularly you have to pay your installments because large funds are collected by premium It helps to save your money in a large way. This benefit shows on you in a long term . Usually, state governments appoint a large number of insures to maintain cash or certain percentage of their liabilities while they collecting this money. They want to invest in stock markets because it gives you a hug return if you investing in a right direction.
Planning and Peace of Mind
In insurance need to be a great planning for better results and best alternatie solutions for life. Sometimes not having insurance means you have to dip into expenses, example-medical expenditure, fine loss, legal bills etc.
Sometimes, a leak of insurance , you have to dependent at risk,For example-if you don’t have a medical insurance, then your children or your any other family member may not provide a proper treatment and this things obtain , stress , anxiety , tension.
With insurance you do not relied to anyone it gives you a peace of mind. It helps to accomplish your good and your ambition such as buying a new car, new house, gettings married and securing child’s future.
In your 50’s and beyond
If you don’t evolve insurance in your life and you will be faced a lot of crists and you have to face financially independency of any other. If you take any loss, for your child education in abroad. You can’t expect on any other persons or relative, they can bear bunden of your family. Insurance plan can be a filed in these cases.
To Enjoy Financial Security
No matter waht your financial position in present but if you take life then you do not take tension of future. You can see unexpected event very quick , you can hope continue to move forward.
At last but not least..
If you’re not younger to buy life insurance then remember when your’s younger, then the cost your premium is lower. These are so many financial security advisor to provide some guidance which is related to your realtiy and goals.
TAX BENEFITS:These are pre-tax benefits which are added advantage for the policyholders. Those benfits help to save a large amount of tax. If tax-payments gets reduced, then disposable income increases Insurance plan is a best plan of your retirement.
Retirement insurance assured you and your family for receive a regualar pension after retirement and it’s totally of to you to choose the date of retirement and the date when you want to recieve your pension.