CHANGE OF NEED OF LIFE INSURANCE

Hello Friends,

My this blog is related to tell you the Change of Need of Life Insurance. Life Insurance is a need which is required at different stages of Life with different motives. 

Let's take some example:


  • Ram is a 25 year unmarried boy and take a term plan for his life and take the life cover as per his requirements.
  • At the age of 28 he got married and then his requirement will get change automatically and then he takes a plan which includes his wife. 
  • As his income increases and he starts taking plans for Tax Saving purpose and his needs also get changes.
  • At the age of 35 Ram is a father of 2 Kids so he starts taking Insurance plans for the higher studies or marriage of his kids so his purpose of taking Life Insurance will get changed. 
  • At the age of 35 he also plans for his retirement and now his needs of Life Insurance changes accordingly.
  • He also thinks about Mediclaim policy for his family including parents as his need will get change as per the requirement. 
So there is a suggestion you can take the insurance plan according to the change of your needs.


I hope it will be helpful to you.

Thanks and Regards 

Kulvinder Kaur
B.Com(H), MBA(Finance)

9871580806, 8826566751
rightsteptoinvest@gmail.com





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