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What do we mean by life insurance?
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Posted By PolicyPartner.in Team
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Life insurance is nothing but pooling of risks.Life insurance assures you that your family will receive financial support in your absence. In simple words, life insurance provides your family with a sum of money should something happen to you. It protects your family from financial crisis.
In addition to serving as a protective cover, life insurance acts as a flexible money-saving scheme, which empowers you to accumulate wealth-to buy a new car, get your children married and even retire comfortably. Life insurance also triples up as an ideal tax-saving scheme.
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