Difference between revisions of "An Insurance Company You Possibly Can Depend On"

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Life insurance offers a financial benefit to a decedent's family or  [http://49.234.124.244/lt/upload/home.php?mod=space&uid=1229968&do=profile http://49.234.124.244/] different designated beneficiary, and may specifically provide for income to an insured individual's family, burial, funeral and other last expenses. Life insurance insurance policies often permit the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity. In most states, an individual can not purchase a policy on another particular person with out their data.<br>In some geographical areas, the coverage may exclude sure forms of risks, corresponding to flood or earthquake, that require extra coverage. Maintenance-related points are sometimes the house owner's responsibility. The coverage could embrace inventory, or this could be purchased as a separate policy, particularly for individuals who lease housing. In some international locations, insurers supply a package deal which can include legal responsibility and legal responsibility for accidents and property harm brought on by members of the household, together with pets. Under Section 80C of the Income Tax Act, premiums paid towards a life insurance coverage qualify for a deduction as a lot as Rs. 1.5 Lakh.
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