In case of
an untimely death of the breadwinner, with the sum assured received, the dependents can pay - off any loan, child's education fees, monthly household expenses, or any other liability.
Life insurance serves a valuable social purpose, allowing families to protect themselves against the economic consequences of
an untimely death of a breadwinner.
And in between all of these in their growing age till the time they become financially independent, an unfortunate event of
an untimely death of the breadwinner may put things upside down in the blink of an eye.
Benefit of Term Plan: In case of
an untimely death of the breadwinner, family is supported with an enormous amount of money — sum assured, which helps them to replace the loss of the income caused due to the breadwinner's death.
Not exact matches
Several able - bodied men have died horrible
deaths in the region in the line
of campaign for their parties, and the parties for which they suffered and died have never bothered for once to look after their wandering children or the families who became economically stranded after the
untimely departure
of their
breadwinners.
In case you are the sole
breadwinner of your family, you need to ensure that your family has a fall - back option in the unlikely event
of your
untimely death.
This can provide real peace
of mind for the entire family, since they know without a doubt that their financial needs will be taken care
of even if the family's
breadwinner suffers an
untimely death due to accident or illness.
If you are the only
breadwinner, in case
of an
untimely death, without life insurance policy your family suffers financial crises.