Life insurance is a financial contract that provides financial security to your family in case of your untimely death. By paying regular premiums, the policyholder ensures that a fixed sum assured is paid to the nominee. Life insurance helps cover essential expenses such as household needs, outstanding loans, children’s education, and future goals. It acts as a safety net, protecting loved ones from financial hardship during difficult times. Some life insurance plans also offer savings or investment benefits, supporting long-term financial planning. Overall, life insurance provides peace of mind, financial stability, and protection for your family’s future.