Purchasing insurance is a critical aspect of financial planning and risk management. It provides individuals and families with financial protection against unforeseen events and uncertainties. However, despite its importance, many people make common mistakes while buying insurance, which can lead to inadequate coverage, higher premiums, and financial vulnerabilities.
Insurance riders are additional features or benefits that policyholders can add to their existing insurance policies to enhance coverage and customize their protection according to specific needs. These riders act as add-ons to the primary insurance policy, allowing individuals to tailor their coverage without the need to purchase separate policies.
Life insurance is a crucial financial tool that provides protection and peace of mind to individuals and their loved ones. It offers financial security in case of unforeseen events like the policyholder’s untimely demise. India, being a country with a large population and diverse financial needs, has a well-established life insurance industry with numerous options for individuals seeking coverage.
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