Sentences with phrase «bread earner»

After the death of the policyholder especially if they are the sole bread earners in the family, expenses shoot up.

Despite the fact that both Bopal gas - affected women are sole bread earners of their families and face severe health problems, they have chosen to give away the entire sum of money to set up their non-profit organization, Chingari Trust.

Life insurance is essential to take care of these financial responsibilities in the absence of the family bread earner.

If you are the only bread earner of your family with a number of dependents then term insurance plan could be the best plan which you can opt for as you get high cover for protection of your beloved ones at very reasonable cost.

You should opt this income benefit rider in term insurance in case you are the whole and sole bread earner in the house.

The ability of the Rwandan government to pay these people consistently turned these potential spoilers of peace into not bread earners and stakeholders in the new Rwandan army.

A death of a primary bread earner leaves the family in an emotional distress and financial unstable.

In my opinion term insurance is a necessity for individuals who are the single bread earner of the family.

As we are aware of the elevating costs of health care sector.It is prudent to buy a health plan for every individual who is not insured by his employer and also the prime bread earner of the family.

Term Insurance plans become a necessity only if you are the sole bread earner of your family with number of dependents and you do not have sufficient assets to suffice if your income ends.

Being the family bread earner, as part of your financial planning process, you take all possible steps to ensure that your family doesn't face any hardships, neither in your presence nor in your absence (death).

Do not blindly jump in the bandwagon of government scheme before assessing your current and future family requirements, especially if you happen to be the sole bread earner for your family.

Since Viren is the only bread earner in the family, he is worried about the amount of financial burden they may have to go through in the event of his death.

As soon as he turned 30, he planned to buy one more insurance policy with the sum assured of Rs 1 crore as he was the sole bread earner in his family.

This is of use to simply cater to the survival of a family in the unfortunate event of the death of the bread earner.

Term insurance is important for everyone and especially more for the bread earner of the family.

Accident and disability of a bread earner can create serious monetary problems for the family.

Accident, death of a bread earner can pose serious financial threat to the family.

Term insurance provides financial security to the family in case of sudden demise of the bread earner.

Provide Financial Security: Beneficial for those, who are the bread earner of the family, looking for a solution to provide a financial security in case of eventuality.

To answer the questions about the necessity of insurance, its best to ask oneself the question, can the bread earner of a family afford not to have a flow of income.

Can a bread earner or non-bread earner earnestly afford to go through a significant critical illness?

The policy replaces the income of a bread earner by paying a guaranteed benefit to the surviving partner, which can be used to pay off debts and tackle other expenses.

Can a bread earner afford to get disabled?

If something unfortunate were to happen to the sole bread earner of a middle - class family then Rs 2 lakhs is a meagre amount to fall back on.

Note: If both parents are bread earners, it is crucial for both to have term insurance policies, which would build a bigger corpus for their child.

Being the bread earner of the family, we all strive hard to give the best without any hassles.

Needless to say, this realization dawns upon each and every bread earner of a family.

However, as they say life is uncertain, an untimely death of the bread earner of any family can lead to a financial problem.

However, the bread earner has to be insured first.

So if the person is the bread earner of the family, there might not be a problem if this plan is availed.

The Term Insurance plan ensures that your family is financially independent and secure in case of your untimely and unfortunate demise specially when you are the bread earner.

With this offering we are trying to give these families a relief by securing the life of their bread earner and help them save to achieve their goals in the near future.»

Being the sole bread earner of the family, Mahesh is aware of the need to secure his family financially.

Life insurance is essential to financially support the family in case of an untimely demise of the bread earner.

Whether you are the sole bread earner or not, protection plans are relatively hassle free.

Life insurance is mandatory for every individual especially the for the bread earner of the family, as any mishap with him or she can cause a great deal of financial as well as other problems to the family.

As per the popular perception, life insurance policy has to be bought in the name of the bread earner (usually the man) of the house.

It acts as an income replacement tool in the absence of the bread earner.

He would further need to buy a Rs 1 - crore cover so that his dependents can live comfortably in case he, the bread earner, passes away.

The objective of term insurance is to ensure that dependents can continue to maintain their current standard of living in case of the bread earner's untimely death.

Hence, taking a policy with the child as a beneficiary or nominee and life cover to the bread earner is actually a smarter thing to do.