Insurance is one of the main ways to transfer risk. Insurance is the risk of future insurance risks being transferred to the insurance company or insurer. Any of us are unaware of the future. There may be risks at any time, in the future at any time. Life insurance can reduce future risk in the future. The insurer carries the potential risk to the life of the insured in the insurance process. Insured to cope with the risks that may arise in the future. There are many risks to human life. Insurance is a type of legal provision between the insured and the insured. The other process of insurance is carried out by mutual agreement between these two parties.
Life insurance is very important in human life. Financial planners need insurance for their children's future, for their secure future, for designers. Insurance is something that will save and cover the risk.
Life insurance is essential for future security. The insurance you have today will help you and your family be happy tomorrow.
1. Transfer of financial risk
Every person's life has economic value. That is, the income a person earns, the income he receives from his family is being nurtured, educated. There is also some contribution to his society from income. He owes taxes to the government. When he is not there, it creates a financial crisis for the family. To prevent that from happening, you have to have life insurance.
For the person himself
A person is earning a living or a family. In case of his accidental death, the income will cease. This makes the lifestyle of the family at once a major embarrassment. Insurance will provide significant support until you can manage it slowly and start looking for another source of income.
2. To plan the future
Our desires and aspirations go far beyond the requirements. We have many plans for the future. Accordingly, we run a daily routine. We are working We can maintain all three dreams or plans of any person and plan for the future through life insurance so that the plan does not fail in our absence.
3. Long-term capital formation
We all fantasize about our high economic status, quality of life. That can't happen tomorrow. It requires patience, patience, and hard work for a certain amount of time. There should also be saved by planning. Living a disciplined life is very difficult. Life insurance consists of a disciplined saving process. According to the various life insurance plans, we are paying the fee for a certain period of time. That's where savings go. If not paid regularly, it will be rejected. This makes it disciplined to pay insurance. We begin to think of it as a compulsory saving. It builds up capital in the future. When insurance is mature, that amount will meet the requirements of daily living.
4. Role in the development of the country
Every patriotic Nepali wants to contribute something to the development of the country. Life insurance can build the most capital in infrastructure construction. If anyone wants to contribute a little to the development of the country, life insurance is a suitable means.
5. Children's education
Every parent wants their children to be educated. Everyone can insure that they want for the children's education. When one thinks about the future of a child, life insurance can be vital to the continuity and proper achievement of his education. Life insurance also saves you the misfortune of having to go looking for a cheap and normal school tomorrow from a quality private education institute due to an accident or accident. This shows that managing a family also requires management.
6. Debt relief
A person takes out a mortgage or loan during a business or business. Individuals borrow from banks, financial institutions or individuals. If the loan is not repaid, it will cause problems for the family member. If he insures his debt, then the company risks the debt.
7. Tax exemption
The insured person gets a tax deduction on the insurance fee. It is tax deductible on one hand and savings on the other. This is also the benefit of insurance.
