Why Insurance and what is difference in new and old Policies?

Evasai Resources

India's Number 1 Sales Manage speaks to you

India's Number 1 Sales Manage speaks to you
Protection, Pension, Savings, and Investment.
Life insurance may sound like something you only have to think about when you get older, but there are a variety of benefits to buying life insurance early on in your working career. A lot of people go through their entire lives before understanding what life insurance .
There are several reasons for this that no one really informed them about it. It is very necessary to contact and ask IRDA certified Financial Consultants about importance of life insurance and which policy suits to their need. IRDA certified Financial Consultant provide this servise free as the insurance company pay them for the same.
Think what is your (Human) Life Value.
One of the methods of calculating your human life value is to sum up all expenses along with your future liabilities that your family members will have to pay off in the unfortunate event of your death.
Once you have done that you must take a life insurance policy to give you an insurance cover equaling your human life value.
As now Insurance Policies are giving better return in long term we also take policies for:-Heavy Educational or other expenses after fixed time period (For Kids), and tax benefits.

Different types of insurance protect you and your loved ones in different ways against the …
a) Unexpected or untimely death. (That of dying prematurely leaving a dependent family to fend for itself.)
(b) Living too long (That of living till old age without visible means of support.)
c) Accidental Deathd) Critical Illness
e) Permanent Disabilityf) Partial Disabilityg) Unemployment

Confused about which Insurance policy to take?
Finding it hard to get the best suitable plan?
Ask our experts (IRDA Certified Financial Consultants)
9823403494 ( for Mumbai and Vasai)
Admin
www.evasai.com

Death or maturity Claim of Insurance

The most important part in insurance is Death or maturity claim. So many Financial consultants and Customer give it less important. So many time Financial consultants also suggest Customer not to disclose their illness which is a big mistake and always create dispute at the time of Death claim.

Documents Required in Death Claim are:


•Policy Document•Assignment Deed


•Age Proof(if not submitted)


•Certificate of death


•Legal evidence of title


•Discharge Voucher


Documents Required in Maturity Claim are:


•Policy Document•Assignment Deed


•Age Proof(if not submitted)


•Identity proof


•Discharge Form


If the life assured had an unnatural death, such as accident, suicide or unknown causes, police inquest report, panchanama, chemical examiner’s report, post mortem report, coroner’s report, etc. would be required.
=======================
The Supreme Court (SC) has ruled that unless there is a specific contract, an insurance company is not under obligation to pay compensation to a person or an employee who dies in a road accident while driving the vehicle of his employer.
The court said that only when a claim is made under Section 163, a person is not required to establish the charge of negligence. Accordingly, the court reversed the decision of the High Court and ruled that the insurance company was not under an obligation to pay the compensation. Courtesy: Economic Times
================================================

Remember: As your doctor gives you the right medicine, in a same way your Financial Consultant suggest the right financial plan for you.So Before You invest Consult Your Local Financial Consultant authorized by irdawho work To protect the interests of the policyholders.


Contact Authorised Financial Consultant+91 9823403494

Tax Benefits in Insurance plans

What is Life Insurance?
Life insurance ensures that your family will receive financial support in your absence. Put simply, life insurance provides your family with a sum of money should something happen to you. It protects your family from financial crises.
In addition to serving as a protective cover, life insurance acts as a flexible money-saving scheme, which empowers you to accumulate wealth-to buy a new car, get your children married and even retire comfortably.
Key Benefits of Life Insurance
Life insurance, especially tailored to meet your financial need. Need for Life Insurance: Today, there is no shortage of investment options for a person to choose from. Modern day investments include gold, property, fixed income instruments, mutual funds and of course, life insurance. Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money. Life insurance is a unique investment that helps you to meet your dual needs - saving for life's important goals, and protecting your assets.

The core benefit of life insurance is that the financial interests of one’s family remain protected from circumstances such as loss of income due to critical illness or death of the policyholder. Simultaneously, insurance products also have a strong inbuilt wealth creation proposition. The customer therefore benefits on two counts and life insurance occupies a unique space in the landscape of investment options available to a customer.

Goal based savings: Each of us has some goals in life for which we need to save. For a young, newly married couple, it could be buying a house. Once, they decide to start a family, the goal changes to planning for the education or marriage of their children. As one grows older, planning for one's retirement will begin to take precedence.

Clearly, as your life stage and therefore your financial goals change, the instrument in which you invest should offer corresponding benefits pertinent to the new life stage.

Life insurance is the only investment option that offers specific products tailormade for different life stages. It thus ensures that the benefits offered to the customer reflect the needs of the customer at that particular life stage, and hence ensures that the financial goals of that life stage are met.
---------------------------------------------------------------------------------------------

Remember: As your doctor gives you the right medicine, in a same way your Financial Consultant suggest the right financial plan for you.
So Before You invest Consult Your Local Financial Consultant authorized by irda
who work To protect the interests of the policyholders.
Contact Authorised Financial Consultant
+91 9823403494
-------------------