What is Insurance:
Insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as the premium. At Kaizen Investmart, we recommend a balanced and customized approach to asset and risk management.
What Happens in Real Life?
The answer to this lies in 2 questions “why did I buy this insurance?” and “what product I bought?”. Typically you buy insurance product as investment and not insurance. That is why we say that Indians have actually not understood insurance in the right sense.
We all understand insurance as an investment and land up buying EXPENSIVE Product , which in turn hampers our investment portfolio and return potential.
Life Insurance :
Life Insurance is the key to good financial planning. With life insurance you don’t renew your policy each year; instead you agree to pay a fixed premium for predefined set of number of years. At Kaizen Investmart we always advise our clients not to mixed Insurance with Investment.
Term Plan:
Term Insurance helps the customers in safeguarding their families from financial worries that arise due to unfortunate circumstances. Term plans are pure risk cover plans with or without maturity benefits. These pure risk plans cover your life at a nominal cost. Term plans also let you avail the benefit to cover your outstanding debts like mortgage, home loan etc. In case of something happens to you, the financial burden is borne by the insurance company and not your loved ones.
Term Plan offers you the following benefits:
Health Insurance :
The Purpose of Health Insurance is to help you overcome unforeseen emergencies without compromising on any other financial goal. Health Insurance help you pay for all your medical expenses. A Health insurance policy also give you the benefits of covering your loved ones under one plan to avoid any financial constraints arising on account of a medical emergency.
The benefits:
