Buying life insurance is one of the most important financial decisions, but believe it or not, only 10 percent of Indians are insured. But why is it so important? Well, regardless of how much you produce, no one knows what is detained in the future. Many people die before their time from disease or accident and, if you become the only breadwinner in the family and you have to die, it can have a devastating consequence for people you love - their ability to pay household fees, debts and Maintain their standard of living.

In short what you can do, therefore, is to secure the future of your family's finances by buying a life insurance policy. In addition, do not ignore the benefits of life insurance during your life, especially if you are young. We list 10 strong reasons to buy life insurance policies.

1. Keep the people you love even after you go: This is the most important aspect of life insurance that someone needs to be a factor. Your family depends on you even after you go and you certainly don't want to let them go down. Whether it is to replace lost income, pay for your child's education or ensure your partner gets very much needed financial security, life insurance can save day for your survivors.

2. Dealing with Debt: You don't want your family to deal with financial liabilities during the crisis. Every debt of debt - home loans, automatic loans, personal loans, or loans on credit cards - will be taken care of if you happen to buy the right life insurance policy.

3. Helps achieve long-term goals: because this is an instrument that makes you invest for the long term, it will help you achieve your long-term goals such as buying a house or planning your retirement. It also gives you a variety of investment choices that come with various types of policies.

Some policies are related to certain investment products that pay dividends based on their performance. If you choose a policy related to investment, be sure to read fine molds to fully realize the potential risks and returns.

4. Life insurance Supplement Your Pension Purpose: Who won't like their retirement savings survive until they do it? With life insurance plans, you can ensure you have a regular income stream every month. Placing money in annuities such as retirement plans - enter some money regularly in life insurance products and enjoy permanent income every month even after retirement.

5. Buy a cheaper insurance when you are young: Not every millennial requires a life insurance policy. If you have not made an emergency fund or you still undergo your parents' money, insurance should not be a priority.

However, if you have a dependent or you have signed a loan with your parents (or your family member or other friends), whether it's a student loan or a home loan, you must start considering buying policy life insurance. In addition, coverage costs are much lower when you are single. Insurance agents can try to sell you a policy that you might not need.

Therefore, do a thorough test or close to the financial planner to determine how much insurance you need remembers other assets that you might have. Even if you are single, there may be other dependents and you need to make sure they are taken care of. Pradeep Pandey, Head of Marketing Officers, Future Generali Life Insurance, said, "The earlier is getting better. For example, single people provide financial support for aging parents or siblings with special needs. Akhurudasi is another reason to consider life insurance when you Being a single. If you are young, healthy and have a good family health history, your insurance is at its peak, and you can get the best price about your life insurance policy. "

6. Your business is also taken care of: Life insurance is not only for yourself and your family. Some insurance policies also take care of your business. If you have a business, your business partners can buy your business portion without hassle. Your business partner will include the sale and purchase agreement and payment will go to the nomination of a dead couple, but without giving them shares in the company. There are two types of life insurance policies - field insurance policies and life insurance policies.

While we are all aware of death benefits. This insurance policy, we know a little about the various options they Laya that can help strengthen your financial position.

Futures Insurance provides protection for a certain period of time (10, 20 or 30 years) and pays benefits only if you die during terms of office. The policy will expire and coverage will end if you live longer than your policy. The investment plan-cum-protection on the other hand offers the number of lumps on the settlement of policy terms. These plans also offer you protection but the cover is usually not as high as offered with a term plan.

7. Tax saving goals: You can save taxes with insurance policies regardless of what plans you buy. The premium you pay for the insurance policy qualified for the maximum tax benefit of Rs 1.5 lakh below the 80C section, and for tax-free results at death / maturity below section 10 (d) of income tax law, 1961.

8. Tools for forced savings: If you choose a traditional policy or the favorite unit, you pay a premium every month, which is higher than how much it costs to insure you. This extra money is invested and produces a cash value. This cash can then be borrowed with a policy or you can choose to sell it or withdraw income from it.

9. You may not be eligible for that later: The habit of life insurance runs in uncertainty. You may be healthy now and pay a premium for life insurance it seems to be an additional financial burden, but if you suddenly fall ill, you might not be allowed to but a life insurance policy. Therefore, it is very important to buy one earlier in your life because it still applies if your health worsens later. Insurance companies allow you to attach motorists or certain benefits to your existing or new policies.

These drivers improve your insurance quality. Drivers are accelerated death benefits, for example, allowing policy owners to utilize all or part of the death of the policy if it has less time to live due to critical illness, or want to use money for medical treatment or related to cost treatment.

10. Peace of mind: death cannot be avoided. In the face of tragedy, the least you can do for your family is to secure their financial future. Even if it is a small policy, you know that you have done everything you can to help them plug in hard times.