aamir: A life insurance cover can provide you with several benefits. First, as stated by techn it gives financial support to your family in case of unfortunate death. Life insurance policies come in various types or "plans" as insurance agents call them. Usually the insurance agent makes out a plan according to each customers income, the amount he can set aside easily for the premiums, age, number of years for which the cover is required etc. You can also include certain other benefits or cover to your life insurance with the addition of just a small premium. These could include Accidental Death of Disability Benefit (known as ADB), hospitalization benefit etc. You can discuss these with an insurance agent and he will explain to you in greater detail. While selecting an insurance company just keep in mind to go for one which has a good reputation and which has been in this business for decades. If you opt for an insurance company here, it is advisable you go for one which has a branch in your home country as then you will be able to pay your premiums whenever you return in your local currency. Also, it is advisable you always pay premiums on time otherwise the policy will lapse and no benefits can be had in the event of any unfortunate incident taking place during such a period.
aamir: A life insurance cover can provide you with several benefits. First, as stated by techn it gives financial support to your family in case of unfortunate death. Life insurance policies come in various types or "plans" as insurance agents call them. Usually the insurance agent makes out a plan according to each customers income, the amount he can set aside easily for the premiums, age, number of years for which the cover is required etc. You can also include certain other benefits or cover to your life insurance with the addition of just a small premium. These could include Accidental Death of Disability Benefit (known as ADB), hospitalization benefit etc. You can discuss these with an insurance agent and he will explain to you in greater detail. While selecting an insurance company just keep in mind to go for one which has a good reputation and which has been in this business for decades. If you opt for an insurance company here, it is advisable you go for one which has a branch in your home country as then you will be able to pay your premiums whenever you return in your local currency. Also, it is advisable you always pay premiums on time otherwise the policy will lapse and no benefits can be had in the event of any unfortunate incident taking place during such a period.