Ashwin Wijeratna

LETS FIND ANSWER TO THESE QUESTIONS:

• Want the best education for your babies?

• Want to send your children for overseas universities?

• You don't want to face the education loans and debt?

• Want to make 100% sure your child's education money is guaranteed?

• What if I don't live long enough to save enough money?

Why do we need life insurance?

A person should consider getting life insurance for several reasons, including:

1) Financial protection for dependents: If a person has dependents who rely on them financially, life insurance can provide financial support for those dependents in the event of the person's death. The death benefit paid out by the life insurance policy can help cover the costs of living expenses, education expenses, and other financial obligations.

2) Paying off debts: Life insurance can also help pay off any outstanding debts, such as mortgages, car loans, or credit card debt, so that the person's family does not have to bear the financial burden of those debts.

3) Final expenses: Life insurance can help cover the costs of funeral and burial expenses, which can be significant.

4) Business protection: Life insurance can be used to protect a business in the event of the death of a key employee or owner, providing financial support to help the business continue operating.

Overall, life insurance can provide financial security and peace of mind for individuals and their families in the event of unexpected events. It's important to consider the specific financial needs and goals of the individual and their family when deciding on the type and amount of life insurance coverage to purchase.

AWARENESS POST:

WHAT IS HEALTH INSURANCE?

Health insurance can also be known as healthcare insurance or even medical insurance.

Health insurance can provide a range of benefits for individuals and families, including:

1) Access to healthcare (affordability): Health insurance can help individuals access healthcare services that may otherwise be too expensive or out of reach. This includes routine check-ups, preventive care, and treatment for illnesses and injuries. Refer to the package, plan and benefits on what can be claimed.

2) Financial protection: Health insurance can help protect individuals from the high costs of medical care, including hospitalization, surgery, and prescription drugs. Without insurance, these costs can quickly add up and lead to financial hardship.

3) Healthier lifestyle: Many health insurance plans offer wellness programs and preventive care services that can help individuals maintain a healthy lifestyle and prevent chronic diseases. These can come as value added services as well,

4) Peace of mind: Knowing that you and your family are covered by health insurance can provide peace of mind, particularly in the event of a serious illness or injury.

5) Tax benefits: In many countries, health insurance premiums are tax-deductible, which can provide additional financial benefits for individuals. However, this depends on the tax regulations currently active in the country. Contact your tax advisor for more information.

6) Return on investment: Some healthcare insurance plans provide a sum of money called the maturity at the end of the term of contract. This fund is built depending on the performance of the company, the age of the customer (life assured), the coverage and benefits, etc. A good healthcare plan will make sure you get a good investment return at the end of the policy term.

Overall, health insurance can provide a range of benefits that can help individuals and families stay healthy, financially secure, and at peace. It is extremely relieving knowing that your savings and financial wellbeing is secure in an emergency situation.