Permanence of life insurance
Companies may come and go, or get merged, but policyholders’ rights are unaffected
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When families make the decision to purchase life Insurance, they are often in the process of experiencing a major life-altering event such as getting married, starting a family, or purchasing a home. In fact, there are many good reasons for purchasing a life insurance policy. And most of us, at some point in our lives, will realize that owning life insurance is very important to ensure our sense of security. Can you even imagine the anxiety of driving on the freeway without auto insurance? All of us know that at some point an accident is almost inevitable. But if you are insured, your car will be repaired, and your medical bills will get paid. Life Insurance works the same way. It ensures that your family will not suffer the consequences of living without your earnings.
Know MoreCompanies may come and go, or get merged, but policyholders’ rights are unaffected
Read MoreLife insurers’ first-year premium growth accelerated in August, with LIC driving much of the increase as private insurers also posted double-digit growth.
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