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Why do I need Life Insurance?

Last Updated: Apr 06, 2016 | 9007 Views

Insurance ensures a confirmed source of income for your family in the unfortunate event of your death. The premium paid by you is marginal compared to the risk of loss of income. It can also be used as an investment tool to cover the risk and simultaneously provide a steady flow if income during the later stages of your life. Income tax exemption is tool used by the government to encourage you to insure yourself. To put it briefly, it is a must to safeguard your family's future in case you are not around to support them.

Manoj Aswani
Manoj is the co-founder and COO of MyInsuranceClub. He has experience in Financial Services, Internet, Insurance and Outsourcing business. He has done his Post Graduation from XLRI, Jamshedpur.

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