What is salary insurance and why do you need it?
You work hard your entire life to ensure your loved ones get the best of everything. So why not help them with the same when you are not around with income protection insurance? Salary insurance, also known as income protection insurance, is a financial product that safeguards your family members in your absence.
Income insurance protection is the perfect solution if you earn a regular income and have family members depending on it for their living. It ensures they do not have to look for other ways to make ends meet in your absence. This policy does that by providing a guaranteed payout on your demise that helps them stay afloat during turbulent times.
Apart from giving a fixed payout on your demise, income protection insurance also gives out regular payouts that help your family maintain their standard of living. With it, they do not have to compromise on their spending. Moreover, these steady payouts remove the burden of managing a lump sum amount and prevent a large pool of funds from running out quickly. Small and regular income payouts help to make it easy to manage money and meet needs from time to time.
