INTRODUCTION Life insurance is a unique product. Like other insurance products, its primary purpose is to protect against loss. But unlike other kinds of insurance products, life insurance isn't for you; it's for your survivors. Life insurance has no uncertainties; if you're covered by a life insurance policy — and the company holding the policy has the resources to pay — you can pretty much bet that someday your survivors will receive a benefit. Knowing how much life insurance coverage to buy isn't an easy decision; evaluating a car or a house is fairly simple, but how do you figure the value of your life?. CHAPTER 1 HOW LIFE INSURANCE DIFFERS FROM OTHER TYPES OF INSURANCE [1] Dispelling life insurance myths [1] Looking at the purposes of life insurance Life insurance is simple, right? You buy a policy to protect your family, you die, your family gets some money. Simple. Direct. Easy. Not so fast. Life insurance is much more complicated than that. This chap
Life Insurance in India