Myth 1: Life Insurance is Only Useful After My Death

Fact-1:

Life insurance is a risk management tool. Risk must not only be associated with dying but also with living too long. Advancements in medicine and science are prolonging life expectancy. If you were to live till age 90 and stopped working at 60, how would you manage your expenses? Risk also concerns investments, which can be impacted by market volatility, bad financial planning, or lack of financial discipline. 

Insurance can help you secure your financial future. There are various options that can help you build a corpus to make you financially independent during retirement, cover exorbitant medical expenses, or build your wealth. You will always benefit from a timely investment in the right insurance product basis your need – suitability assessment.