Sunday, 15 January 2012

What is Life Insurance?

The primary objective of protection is to reduce the financial
impact that due to the loss of income or profit because
suffered from the risks of death, disablement, diseases
and disaster.

"It guarantees a specific sum of money to a designated
beneficiary upon the death or disablement of the insured,
or to the insured if he/she lives beyond a certain age."

Benefits
Protect your future income capacity
Guarantee immediate & lump sum cash to your dependents
Regular and systematic saving
Most economic cost in managing risks, i.e. a few cents for a dollar
Premiums are entitled for tax relief