Q. I am not a breadwinner of my family. Do I need life insurance?
A. If you don’t contribute to the revenue of your family or if you’re not the breadwinner, there is no have to buy life insurance. You can be the beneficiary of the earnings generator of your house.

Q. I already have a group insurance coverage scheme offered by my employer. Do I still have to buy life insurance?
A. Shopping for private insurance coverage is a unique factor than group insurance schemes. You will need to have private insurance coverage due to the following reasons:

• It does not value a excessive amount to buy insurance coverage for private protection.
• In case your employer deducts the amount out of your earnings or if he decides to discontinue the group scheme, you will not be protected anymore.
• When you depart your current job, your group insurance coverage plan shall be cancelled.
• For those who buy insurance at an old age (after retirement), the rate of premiums will be very high.

Q. Is it necessary to undergo medical exams and health tests earlier than buying life insurance policy?
A. Many of the insurance coverage brokers hide this truth from the customers and clients. If you are buying insurance coverage valued over Rs. 500,000, then it’s a should for you to endure medical checks and exams. However, the limitation on the quantity varies from one firm to another. A lot of the insurance coverage firms ask the candidates to undergo medical examination so as to verify the health conditions. We all know that threat is the principle issue which is extremely thought of by the insurance coverage companies. If you’re not healthy and is undergoing medical therapy, then the insurance firm will charge a excessive rice for the policy.
If you’re fit and healthy, then the rate of premium will likely be comparative low as compared to the people who are ill. Contemplating the danger of the lifetime of the applicant, the insurance firms ask to endure medical examination earlier than the coverage is issued.

Q. I have insured my life with life insurance. Do I would like a medical or health insurance coverage?
A. Well, health insurance policy pays our hospital and medical bills. Our life is risky and vulnerable to illness. Medical insurance coverage could be very helpful because you can be relieved when the insurance coverage firm pays the fat hospital payments that have been imagined to be paid by you. Life insurance coverage is useful for your family and the survivors, after you die, but medical insurance coverage can be utilized when you are still alive and sick. Read more other helpful articles about whole life insurance cash value, premium term life insurance quote and whole life insurance comparison