Myths about life insurance

2. Contrary to popular belief, getting a grasp on
Life Insurance isn’t a very difficult task.
It can be quite easy with a little effort.

3. It is essential that people are educated on this topic
so that they are able to differentiate between fact
and myth, enabling them to make better decisions.

4. We present some of the most prevalent myths about Life
Insurance and our opinions on them, aiming to create a
greater clarity about the subject of Life Insurance.

5. Death is the ultimate reality of life and can happen to
anyone irrespective of age, caste, creed or gender.
One should consider Insurance as soon as he/she
starts earning.

6. Even single individuals need Life Insurance as it means
an added financial cushion for your retirement
years and also lighten tax burdens*.
*Disclaimer: Tax benefits are subject to change in Tax laws.

7. In case of a change of job or a sudden red
slip, the individual is completely devoid of
any group life insurance

8. One must be informed that term insurance offers Life
Insurance support throughout the year at nominal
prices bringing peace of mind to the individual.

9. Life insurance indeed offers tax benefits*, but
the sole purpose of life insurance is to provide
cover in case of sudden death.

10. Contrary to popular belief, getting a grasp on
Life Insurance isn’t a very difficult task.
It can be quite easy with a little effort.

11. One cannot expect huge returns from invested
premiums, as Life Insurance essentially aims to provide
support in cases of unexpected mishaps or retirement.

12. .Insuring against the loss of a home-maker may make
more sense than one might think as the services
provided by a home-maker are essential.