It can happen to you also!!!!!

I just want to explain the importance of getting yourself insured with the help of following article of Times Of India, Ahmedabad on 7th August, 2008 regarding the serial blasts in the city on 26th July 2008,

FAQs:

Q: Why do I need Life Insurance?

Life insurance is extremely important, especially if you are the principal earning member of the family. Your family can remain financially secure in the case of your unfortunate premature demise.
Besides the primary purpose of the protection of the family, life insurance is also seen as a tool to provide for your old age or your children's education and marriage. In addition, you may also receive valuable income tax deductions which provide tax savings.

Q: What can I insure for or against?

You can insure yourself against death, temporary or total disability and dreaded disease. It is also important to take out insurance policies to save for future events such as your children's education and dreams as well as your own retirement.

Q: How much life insurance do I need?

Insurance Planners are trained to do a need analysis to determine your insurance requirements and to recommend the best products and options available for your specific needs. But, one of the simplest rules is to assume that insurance is a replacement for your lost earning capacity. Most financial advisors recommend a life insurance plan that is worth 20 times your gross annual income.

Q: Who can be insured?

Any person who wants to provide for his/her family after his/her death, a person who needs to provide for an income should he/she become disabled, or a parent providing financial means for future education for their children.

Q: What are Riders?

Riders are additional benefits that can be attached onto your basic life insurance policy. These riders give you the benefit of increasing your cover in case of certain events happening. For instance if you have taken a Personal Accident Benefit Rider and you die or suffer from total and permanent disability due to an accident, then your beneficiaries will receive an amount that is in addition to the sum assured that may be payable on your basic life policy.

What is life Insurance?

Life insurance is an agreement that guarantees the payment of a stated amount of monetary benefits upon the end of a specified term or on the death of the life insured, i.e. the person on whose death the insurance company would pay out a death benefit to a designated beneficiary.