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Confused about which life insurance plan to choose? Here’s a handy reckoner to help you choose the right plan.
While it can be a bit daunting initially, since one is on unfamiliar ground, it is actually just a matter of getting in touch with the right advisor who will demystify the seemingly complex world of insurance and educate you about the plans that would work best for you. It is imperative that you understand the terms of insurance, weigh the options carefully and make an informed decision about the coverage that is right for you and your family. Basically, life insurance and living benefits insurance can be of two types: insurance that only protect your dependents, and insurance that protects your dependents and provides a savings and investment avenue as well.