Life insurance offers a way to replace the loss of income that occurs when someone dies. Life insurance is insurance for you and your family's peace of mind. With a life insurance policy in place, you can:Typical classification of mutual fund schemes on various basis:
- Provide security to your family
- Protect your home mortgage, loans, credit card borrowings etc.
- Provide finance to your loved ones to achieve their goals in your absence
- Ensure that your family is able to maintain their lifestyle, no matter what happens
- Take care of your estate planning needs
- Look at other retirement saving/investment vehicles