Income insurance is a popular insurance policy which promises a supplementary income in case of accidental death or disability, rendering a person incapable of working to provide for his family. The income is paid to the beneficiary, who will be chosen at the time of signing up for the policy.
The following points explain how income insurance is beneficial –
1. Accidents occur often in this country. Road accidents are frequent, which can cause disability or even death. In such situations, the person is unable to work anywhere. Investing in income insurance earlier ensures payment to the beneficiary in such situations.
2. Securing your family’s future should be the most important thing to you. Income insurance makes sure that your family doesn’t have to face any financial trouble after you are gone.
3. Your children are extremely dear to you. You definitely don’t want anything to jeopardise their future. But it is impossible for a single person to make sure that this never happens. Income insurance not only provides a supplementary income but also provides tuition benefits as well, so that your children’s future always stays bright.
4. In case of accident, if the person is hospitalised somewhere far away from his home, then family transportation benefits will also be offered.
Finally, you have to decide from which company you would like to take income insurance. Now, this is a very tough and tricky decision to make, since there are numerous insurance companies in this country, and newer ones are coming every day.
You need to choose a company which provides you with a sufficient return yet someone whom you can completely trust. Edelweiss Tokio is one such company. They have been providing services for over 5 years, and have received lots of positive reviews. If you want to choose the right company for income insurance, Edelweiss Tokio is the ideal choice.