Wednesday, May 29, 2013

LIFE INSURANCE VS OTHER INSURANCE

Insurance contract:

Insurance contract is a contract Technically uberrima fides as a whole sadabisbasera
Known., All components of the event are attached to this important policy, it applies to all kinds of insurance.

Palisidharakera policy should ensure that the proposal to take the form of questions answered correctly is all. Presentation of a false non - disclosure or fraud in any document that is taking the risk that it will render the insurance contract is canceled and should be avoided.
Protection:
Savings through life insurance provide complete protection against the risk of the person. Additionally, in the case of an unfortunate event, the life insurance are fully guaranteed payments (including bonus seeks appropriate) and other savings schemes on the other hand, the accumulated amount (including interest) pradanayogya.

Cost helpful:
Life Insurance 'cost' as encouraging. It's long - term savings plan that gives the skime, each installment of the grant can not be spent without the prayasei. (For insurance premium paid monthly, quarterly, half-yearly or yearly is).

For example: SSS salary saving scheme commonly known as the premium payment is deducted from the monthly salary of the supplies.

In this case, the employer will pay a premium esabiaike. Salary saving scheme in the case of any institution or agency specified under the standard terms and conditions.

 Liquidity:
In case of insurance, a policy that only nirapattate Loan Loans make it easier for you to achieve that value.'s, A life insurance policy and the general security of the Commercial Loans are taken out.


 Cessation qualifications:
In case of insurance, a policy loan is easy to take credit for their own protection that the value of its own debt., As well as the protection of a life insurance policy is generally considered even if it's a commercial loan.

Tax benefits:
Life insurance and property tax exemptions from income tax on life insurance is the best way to enforce the income tax rate by considering the premium rasite available.
Mulyayanakari tax laws or sansthanagulikeo can get. Effective in such cases a person other than the insured for the insurance premium is relatively low.

When you need the money:
Appropriate insurance plan that has a policy or combination of plans to effectively plan may from time to time certain financial requirements that can be utilized.
Children's education, for life or marriage provision or even at certain times of periodic cash requirements for the support of this policy may be relatively low stresapurna.
Alternatively, the policy means anyone leisure time services available can be, and that no purpose can be used as a home purchase or other investment. Additionally, palisidharakadera the building or flat for purchase loans approved (to certain terms under).

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