Are you an NRI? Why life insurance is important for you?

Working in a foreign country, whose currency has a higher exchange rate, offers the advantage of higher savings when the money earned there is remitted to India. At the same time there could be disadvantages such as uncertain economic conditions which result in recessions and job layoffs. We all know what happened in USA post 9/11. Many people lost their jobs. A similar situation was again repeated during 2007-2008, not just in USA, but across the world. Many Indians working in the Gulf were left with no option but to comeback to India.
Hence it is important to have an adequate financial plan in place to provide for long-term security and achieve financial goals for you and your dependents.
Listed below are some questions which will help you to analyze your requirements for life insurance.
Do you wish to settle in India after retirement?
Do you have dependent parents?
Do you have dependent children?
Do you have long term financial goals?
If the answers to the above questions are yes, adequate life insurance is a must for you. Besides financially securing your dependents, adequate life insurance can also create a provision for your retirement. Over a period of time, your life insurance policy will build up a substantial cash value can come in handy in case of unforeseen circumstances such as loss of job due to recession. LIC offers a variety of insurance plans which can help you to fulfill your long term financial goals. If you still do not have adequate life insurance it is just the right time to get in touch with  us and buy adequate life insurance.