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description of reliance life insurance policies

Insurance in India is growing

Insurance offering- does the term worry  you? You are one among many in that case. Insurance is, no doubt, the most important component of financial planning of an earning person. But it is also the most confused one, in terms of planning. Surveys after surveys show that primary reason why Indians buy insurance is tax savings. This is a limited view of insurance as an instrument. Careful planning should go when you decide to put your money into an insurance product. ClickInsurance.co.in has been created with the vision to enlighten every Indian about the importance of insurance and the key parameters that one should analyze while selecting an insurance product. Simply put, insurance is a risk management instrument. Term insurance, which is the purest form of insurance, enables you to provide financial security to your family in case of your untimely demise. But now-a-days there are insurance products which can be used as an investment option  as well. Unit linked plans will grow your money linked to the stock market performance. There are novel products offered by insurance companies which help you to plan for your child’s education, plan your retirement, plan for important events in your life like your child’s marriage etc. Most of these products also come with a life guarantee. It is critical  to take a  medical insurance  plan to protect yourself and your family member against the expenses incurred for treatment of health ailments  and critical diseases. This will ensure that you are not found wanting financially in case of unforeseen medical emergencies. You can take health insurance through your employer as well. Most of the reputed companies in  India offer health insurance for the employees and their family members. But it is advisable that you have a good enough cover for yourself and your family, just to be on the safer side. Various insurance companies are offering innovative health insurance plans in India. The decision of IRDA to implement health insurance portability last year also worked in the favor of making the industry more open and innovative. Travel insurance is an important component when you plan your domestic or international travel. It protects you against the risk of lost baggage and overseas medical emergencies. Traveler’s insurance is most of the times considered mandatory for international travels. You will have enough options to select your travel plan with the wide array of services offered in India. Four wheeler insurance is another key product which is made mandatory by the government while you ply your car on the road. It not only covers you from the various risks of accident and robbery, but also protects the third party in case of an accident. You should be evaluating a good insurance policy that provides your required coverage at an optimal cost so that you can drive your car free of any tension. Home insurance is another insurance product that you should consider taking for your you home and its contents. You can select building insurance, content insurance or both of them. Building insurance protects your from any damage happening to your building due to some man-made or natural disasters. Content insurance protects you from the loss to any content in your house like jewellery or other valuables. The amount of insurance should depend on the value of your building and its content.