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I think everyone should be concerned about their futures i know when you are young untill married you dont think much on your life to be insured but once you get married and you have wife and kids surely your mind is thinking about your future like how parents thought about you when you were young. So even if someone has very small salary can save a little and do a insurance out of it and insurance is not something which will make someones money double or something its a long term fund which after maturity or death a person or his family recieves as financial cushion.
So secure your future in every possible way so that your loved ones dont suffer after you depart.
Hi,
Life insurance started with the creation for a life insurance fund pool voluntarily so that if an employee died his family could be given some support. It is the very concept of life insurance.
Your life insurance policy should have a (sum assured) which would compensate the flow of income in case of death at least for a period in which the family can cope with the situation. The SUM ASSURED should not be too high as in that case the insurance co may not approve . Or the premium would be too high for the customer to continue with the policy.
A pure insurance policy without profits is better as that would give you highest sum assured with minimum premium.
Though we do not want to discuss about death we should protect our loved ones from that eventuality.
Regards
