Experts say that life insurance offers goal-based savings and protection plans
Smart financial planning helps you grow your money and protect your family by investing in a product that can deliver both. With a life insurance policy, you get the unique benefit of protection along with savings in the same plan. It helps to safeguard your family, in case of any uncertainty and also enables you and your family to achieve life goals such as marriage, securing your child's future, plan your retirement etc.
To spread awareness on the importance of life insurance at every walk of life, its benefits and unique features, eminent experts from insurance industry gathered for an insightful discussion in the fourth episode of 'Mission Insure India- Life Insurance for All', a joint initiative by ICICI Prudential Life and CNBC-TV18.
Industry stalwarts such as Suresh M, CEO- Consumer & Healthcare Business, Marsh India Insurance Brokers; Sanjay Kedia, President, Insurance Brokers Association of India; and Satyan Jambunathan, CFO, ICICI Prudential Life Insurance, explained how to choose the right life insurance plan according to your protection needs, goals and risk appetite. They emphasised on the need for a term insurance plan and how riders such as critical illness and accidental cover can provide added protection.
The panellists elaborated how companies are applying the principal of customer-centric design to produce an innovative and compelling end product. This methodology will help deliver value at every stage of your life insurance journey.
The key takeaways from the episode are the benefits of purchasing a plan early and the role of life insurance in various goals of your life. Experts also addressed audience queries regarding buying life insurance online or through an agent, deciding on an adequate life cover, etc.
To know more, watch the fourth episode of 'Mission Insure India - Life Insurance for All'.
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