Why to take LIFE INSURANCE?

In India only 2.53% people have insured their life, which is very lower compare to other countries i.e. US people insured their life 33 time more than India, UK has 77 times and even Japan & Thailand has 65 times & 2 times respectively.

It help a person himself as well as to the Government in indirect way, means, Secure his Life Value and premium paid to Insurance Company goes to development of Government e.g Infrastructure, Housing Loan etc.

Awareness about Insurance in India

I can’t use saved money when I am alive.

I can’t get more return from the insurance premium paid.

People are thinking they are paying installments not premiums.

Nothing is going to be wrong with me (my life) i.e. death.

People are thinking that its better to invest amount into M.F./ Shares/Properties rather than paying insurance premium.

First thought about life insurance by people in India

People are ready to take insurance for Health, Car, Home etc because,

- if their health will not good they can claim Medical Reimbursement as they have Health Insurance Policy,

- if their car met with accident, they do not have to pay for repairing as they have Car Insurance Policy,

- if their home destoyed in earthquake, they don’t bother as they have House Insurance which covers earthquake/flood etc.

Is health, car, home is more valuable than your LIFE? If no, then why you are not Insuring your LIFE with LIC?

How to change first thought?

If something become wrong with your LIFE (death), who will HELP your FAMILY?

Is M.F./Shares/Properties etc in which you have invested will help? Answer is NO, as to survive your family they have to sale those investments, in which you have invested, hence, value of your investment will REDUCE and at one point time it will be Zero.

LIC will help your family, by paying sum assured plus bonus, hence, your investment into M.F/Shares/Properties will kept as it is. Your family will survive by investing/utilsing amount received from LIC.

Start thinking of LIC..... it is not too LATE …..

How to change first thought?

Life Insurance is ESSENTIAL product not a LUXURIOUS product

Combination of Insurance plans i.e. maximum risk cover with low premium and risk cover with estimated maturity amount, which you can use after completion of your term.

Fulfill Future Commitments in better way e.g. World class education of child, Marriage of child, Emergency medical expenses etc.

Make our Future Brighten e.g. Total control after Retirement, Pension, Enjoyment of Retirement life, World tour after retirement etc.

Insurance Valued Our Life & Secure Future

No one can imagine life value, however, to secure family & future life, a person should aware about his LIFE VALUE.

Good Example to value life:Generally a person’s life value should be at least 10 times of his yearly income. Suppose my yearly income is of Rs.2,40,000, my life value is of Rs.24 lakhs.

A person should have an INSURANCE up to his Value of Life, by considering in mind that if something wrong happen with me, my family members will receive SURVIVAL amount from the insurance, I had taken.

How to value our life?

Make habit of Compulsory Savings. Get benefit in reduction in Tax Liability u/s80C.

At the time of maturity, you can utilized for:-World class education of children,-Marriage of children,-Peaceful retirement life by getting pension,-Live with dignity after retirement,-Care of your spouse after retirement,

Its time to change your Savings formula From (Income –Expense = Savings) to (Income – Savings =

Expenses)

How LIC can help a person in other way?

Jeevan Saral – this is a unique plan of LIC.A person can make own future planning along with insurance, e.g. child’s professional education, child’s marriage, emergency medical expenses, retirement scheme, pension etc.

Jeevan Chhaya – in this plan benefited to Children.A person can insure his life and at the time of maturity year, money received in such a way that it is useful to child in education or marriage.

Other Plans Jeevan Nidhi, Jeevan Tarang, Jeevan Nischay etc. are pension plans,

which gives monthly/yearly pensions to insurer.

Child Carrier plan, Jeevan Kishor, Child Future plan etc. are children’s plan and benefited in their future education, carrier & marriage.

Few good LIC plans

Jeevan ke sath bhi &

Jeevan ke baad bhi

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Thank You

LIC (Life Insurance Corporation)

Maruti Financial Advisor

Services available:-

LIC, Medical Insurance, Vehicle Insurance, Personal Accident Ins, Accounts, Income Tax Return PAN, VAT

E-mail: maruti.ins.tax.advisor@gmail.com

Contact :-

Jay Joshi F-302, Devdeep

Apartment, Opp. Sahajanand Gurukul, Koteshwar, Moter-Bhat Road, Ahmedabad

(m) 92280 67909