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Life Insurance is defined as a contract between the policy holder and the insurance company, where the life insurance company pays a specific sum to the insured individual's family upon his death. The life insurance sum is paid in exchange for a specific amount of premium.
Life insurance is important, whether you are single or in a relationship. In the event of your death, your loved ones will have to pay your funeral expenses and pay off any financial liabilities you have, such as your debts. If you have insurance coverage, your debts will not be a burden for your family members
Life insurance is important, whether you are single or married. In the event of your death, your loved ones will have to pay off your financial liabilities. If you have insurance coverage, your debts will not be a burden for your family members. Life Insurance is also important to achieve your financial goals like Children Education & marriage, Retirement and Buying a Property.
It is light on your wallet. Since you can begin with amount as low as Rs.500, you can easily manage your investments and other expenses efficiently
There is no much effort. A certain amount gets auto-debited from your account and invested into a specific mutual fund scheme
The investment remains the same only the number of units bought/sold fluctuates as per prevailing market conditions
More number of units can be purchased in a declining market and less number of units in a rising market
Once an investor opts for SIP option, he/she automatically participates in the market swings
SIP has been proved to be the most ideal way of investing for retail investors who do not have the resources to pursue active investments