Life Insurance is needed :
To ensure that your immediate family has some financial support in the event of your demise
To finance your children’s education and other needs
To have a savings plan for the future so that you have a constant source of income after retirement
To ensure that you have extra income when your earnings are reduced due to serious illness or accident
To provide for other financial contingencies and life style requirements
Who needs Life Insurance: Primarily, anyone who has a family to support and is an income earner needs Life Insurance. In view of the economic value of their contribution to the family, housewives too need life insurance cover. Even children can be considered for life insurance in view of their future income potential being at risk.