Guide to Life Insurance for New Parents

How does Life Insurance work?

  • A beneficiary gets paid a certain amount of money in case of the insured person’s demise.
  • The person gets to choose the plan’s beneficiary when buying Life Insurance coverage.

What to Evaluate when choosing the Policy?

Buying a Suitable Term Cover

  • Term Insurance lets you pay a premium amount periodically.
  • Determine the cover you’re most comfortable in paying periodically while ensuring a high coverage.

Start to Invest after Comprehensive Financial Planning

  • Determine your monthly expenses & save up the balance amount.
  • Use a certain amount of this saved money on the best Life Insurance Plan for yourself.

Improvisation and Prioritization for Choosing the Right Plan

  • Prioritize the funds you’re investing in.
  • A combination of Term Plans & Child Plans can add up to a greatly secure future for your child.

Get Yourself & Your Child Insured Today!

Visit www.hdfcsales.com for more information.

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