Life insurance cover is important for all
London and Country Mortgages, Britain's fee free mortgage and protection broker are trying to educate consumers about the importance of life insurance. Many consumers simply refuse to believe that a situation where they require it, would not arise.
THE PROTECTION gap, that is, the number of people who have not taken up insurance policies, in Britain is often talked about, with various reasons being given for consumers not taking this important cover.
Some allege that these insurance policies, particularly life insurance policies are too expensive. Others claim that benefits provided by the state are deemed sufficient making it unimportant to take insurance covers, as savings would cover any expense or loss of income. The stark reality is that people just don’t think anything will happen to them.
It appears there is poor understanding about the chance of having a serious illness, being made redundant or having an unexpected bereavement in a family. LC, the country's fee free mortgage and protection broker, is looking forward to educate consumers about the importance of life insurance, critical illness cover and income protection through a series of short video films.
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.the article is highly appreciable. In India, if any thing can save from slipping to poverty(BPL) that is only insurance. For a person aged 20 years just 5 rs. per day can guarantee a cover for Rs. ten lakhs . and accident cover is still cheaper. just rs. 4/ a day (the cost of a cup of tea) can cover a person against accidental death /total disablement upto Rs. ten lakhs. whats more that even treatment in a super speciiality hospital due to accidental injury upto rs one lakhs is inbuilt in this cover. It is high time that like minded people come forward to form a 4M for this cause. only one cover will change the fortune of millions of people here.
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