Term life (protection)
Life insurance is a contract between an individual (the policyholder) and an insurance company, where the insurance company agrees to pay a designated sum of money (the death benefit) to a designated beneficiary upon the death of the insured person. The policyholder typically pays regular premiums to maintain the life insurance coverage.
Retirement
Retirement insurance is financial products or strategies designed to provide income and financial security during retirement. There are several financial instruments and insurance products that individuals often consider as part of their retirement planning
Educational
“Education insurance” is not a standard term commonly used in the insurance industry. However, it’s possible that you are referring to a type of insurance or financial product designed to provide financial support for educational expenses. In this context, a few possibilities come to mind
Critical illness
Critical illness insurance is a type of insurance coverage that provides a lump-sum payment to the policyholder upon the diagnosis of a covered critical illness or medical condition. The purpose of this insurance is to offer financial support to individuals facing severe health conditions, helping them cover medical expenses, daily living costs, or other financial obligations during a challenging time.
Personal accident
Insurance for personal accident provides financial protection to individuals in the event of an accident resulting in bodily injury, disability, or death. This type of insurance typically covers medical expenses, hospitalization costs, rehabilitation expenses, and sometimes provides a lump sum payment or ongoing income replacement if the insured becomes disabled or dies as a result of the accident. Personal accident insurance can be especially useful in covering unexpected expenses and providing financial support to the insured and their family during difficult times.
Choosing the right insurance is a crucial decision, and we are here to make that decision-making process as seamless as possible. Let Power Insurance Consultant be your trusted partner in safeguarding what matters most to you.