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Who can take life insurance, how age must be to get it and how much income should be taken

Life Insurance:- This question is in everyone's mind today that Who can take life insurance, how age must be to get it and how much income should be taken , We know how much life is important for us,but sometimes some questions bother us too much to make us life insurance ,Before making life insurance, we must gather information about life insurance ,Because later when we come to take insurance claim, we do not have to take any trouble, It will also be very beneficial for our knowledge,Today we will discuss these questions and know the answers to these important questions|

Who can take life insurance, how age must be to get it and how much income should be taken
Who can take life insurance, how age must be to get it and how much income should be taken

Before knowing the answers to these questions, in easy words, understand what life insurance and why life insurance is important for our lifetimes.

what life insurance? & why life insurance is important for our lifetimes:- insurance is a weapon for us and our family to deal with future losses,We are not God, so we do not know what will happen tomorrow,If any such incident happens with us in future, we may have to suffer a lot of damage,To avoid that damage, we try to protect ourselves through insurance,Life insurance helps a lot for our family after us,You think that there is only one member in a family who is responsible for the upbringing of the house.


If that member dies after an accident then who will take care of his family after that,And if he has insured his life, his family will get a lot of help from the insurance money , So we understood what is life insurance|


What is the type of insurance?

Generally, insurance is of two types:
  • Life Insurance
  • General Insurance
  1. Life Insurance:-Life insurance means that on the death of the person who bought the insurance policy, his dependent gets compensation from the insurance company.
  2. General Insurance:- General insurance includes vehicles, houses, animals, crops, health insurance etc.

Who can take  insurance:- Insurance is important for everyone,Insurance is very important even for an ordinary family and insurance is also necessary for a businessman,An ordinary family will get help from the insurance money ,Life insurance, insurance for a vehicle, insurance for a mechanic, home insurance, factory insurance, whatever types of  insurance, all types of insurance is necessary for us and our family.A natural disaster such as a house fire or a factory fire, etc. can cause a lot of damage, by getting insurance to compensate for that loss, that damage can be offset.

What should be the income required to get life insurance? 

Age 0 to 35 years :-If the income of a person is less than Rs 10 lakh annual, then the person can get insurance up to 25 times of his annual income. If the income of the person is more than Rs 10 lakh, then that person can get insurance cover up to 30 times of his annual income.

Age 36 to 45 years: If the income of a person is less than Rs 10 lakh annual, then that person can get insurance up to 20 times of his annual income. On the other hand, if the income of a person is more than Rs 10 lakhs annually, then that person can get insurance up to 25 times of his annual income.

Age 46 to 50 years: If the income of a person is less than Rs 10 lakh annual, then that person can get insurance up to 15 times of his annual income. On the other hand, if the income of a person is more than 10 lakh rupees annually, then that person can get insurance up to 20 times.

Age 51 to 55 years: A person can get insurance up to 15 times his annual income.

Above 56 years of age: If a person is above 56 years of age, then that person can be insured up to 10 times of his annual income.

Minor children: Up to 2 crore insurance can be given to a minor child.


What should be the age to get  insurance? 

It is generally seen that insurance has proved to be very helpful in almost all age stages.As the child grows, the family members insure that child  from the insurance companies and it is also necessary.
    Age: 15 years (Single):- Insurance will help a lot for the education of this child, as the child grows, the cost of his education also increases and if the child is insured by the time then the insurance money will help him a lot.
      Age:25 to 35 years (Married Children Together):-After marriage, the responsibilities of wife and children increase, so insurance helps a lot in their increasing responsibilities.
        Age: 35 to 50 years (Business and children's weddings)In inflation, a lot of money is spent on weddings, so the money collected from insurance is collected till the wedding and the expenses incurred in marriage are very helpful with insurance.
          Age: 50 to 80 years (Near retirement or retirement) If your life is happy after retirement, insurance is helpful for you because after retirement you can run your business with insurance money and this will help you a lot.

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          1 Comments

          Laura Bush said…
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