You may want to get Insurance cover if you know that you are the only source of income for your family. There could be several reasons for you to get a life Insurance cover. Your loan/ mortgage payments, your wife/ spouse and childrens, your business, etc. These are some reasons why people opt for life insurance. Unless you have a valid reason to insure your life, don't do so.
It is important to know that a life insurance policy will simply ensure your family spend their lives in relative comfort. You will have to define your objectives before you go for an Insurance cover.
Taking out a policy for insurance involves making crucial decisions such as how much you want to be covered for. Some people take out a insurance cover policy for an amount that they cannot afford to pay for. Always ensure that you take your budget into account before you pay for a life lic policy.
IRDA or LIC would not call you directly and ask for Insurance Policy details and to withdraw bonus accrued in your policy. Don't give any information over phone. They are fraud calls. For any info, call us at 9480240513.
Visit LIC official site at www.licindia.com for more information. Logo used in this site is for identification of LIC products only.