How to choose which type of life insurance meets your requirements

The insurance type that best meets your requirements is largely dependent on the need you are trying to fulfil. If securing your family’s financial future is the primary need, then you should actively consider a ‘Term’ plan. From a level of importance perspective, this need is the one that you should make sure is taken care of at the earliest. If however, there is already adequate financial protection available for your dependents and your primary need is long term savings for capital appreciation and / or conservation, available options under savings oriented plans should be considered.

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