No matter how much and how well you plan, life always remains unpredictable and that can create some serious problems at some point, rather unexpectedly. Such abrupt unpleasant and unplanned situations can really imbalance the pace of life for you and your loved ones. Having an adequate life insurance cover is not only a guaranteed provision for your family in case of any odd circumstances that may endanger your life in future but it also helps to put your mind at rest that no matter what the future holds, your loved ones will never be left uncared for.
Life insurance is primarily a policy that provides adequate financial support to the beneficiaries (could be one or more) of the policy in case of the death of the policy holder. Even though nothing can replace the human existence in life but the provision of prompt financial support can prove to be immensely helpful during an already emotionally draining time.
All Star Insurance offers number of life and health insurances including your needs and risks.
1. Life Insurance
Life insurance or life assurance is a contract between the policy owner and the insurer, the insurer agrees to pay a lump-sum of money at the insured’s death. In return, the policy owner agrees to pay a stipulated amount called a premium. A benefit is paid to the designated Beneficiaries should the insured pass away.
2. Disability Insurance
Disability can impact your life in more ways than you think it can. If you are suffering from some illness or alignment, then it can impact not only on your health but also your finances. The disability insurance is different from the critical illness insurance and life insurances as in these two, lump-sum money is given to the insurer whereas in case of the disability insurance the payment is done on the month basis and it continues till the person becomes 65 years old.
3. Critical Illness Insurance
You may be healthy today but tomorrow might not be the same for you. Critical illness insurance can complement the medical and disability income coverage for the insurer and can reduce the financial burden on the person which has happened due to the critical illness by offering lump-sum money so that the individual can pay the additional expenses incurred. Critical Illness Insurance or critical care insurance is a policy that offers a substantial amount of money to the insured client is diagnosed with any critical illness.