Risk management is one of the most important parts of investment as well as human life. Insurance is part of the overall risk management and its planning is one of the essential aspects for every individual in his or her financial plan. Insurance is vital as it ensures that you are financially secure to face any unseen and unfortunate event. In case of the unexpected death of any family member who has dependents i.e. if a sole bread-earner dies, it may leave dependents in emotional despair as well as financial stress. In order to avoid such uncertainties, it is important for an individual to possess life insurance.
Some individuals think that investing premium in insurance isn’t worth it as they wouldn’t receive any benefit if they survive the policy. Taking this psychology into consideration, insurance companies came up with new kinds of insurance policies that offer insurance as well as investment. Thus, you get dual benefits. On the same lines, insurance companies offer a policy called a money-back policy. The following graph depicts the actual number of registered deaths versus the number of estimated deaths from 2007 to 2018. an investment in order to cater to future requirements. Money-back policies are fixed-term policies. The premium is paid till the end of the term or till the death of the policyholder, whichever arises earlier. A part of the sum assured is returned back to the policy-holder once in four or five years according to the plan.
この記事は Dalal Street Investment Journal の August 16, 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Dalal Street Investment Journal の August 16, 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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