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I want to secure the future of my family

Are you the main bread winner and you have no life insurance? Check out what you can do to secure the future of your family.

  • Purchasing the insurance, check carefully the conditions you will not be paid out (e.g. if any sickness of breadwinner may prevail from claiming insurance, if insurance will be valid if something happens to breadwinner while being away from home country, if insurance can be claim in case of suicide).
  • Check the conditions to claim insurance: what is the procedure, how quickly the funds can be disbursed to family
  • Complement life insurance with work disability insurance (temporary or permanent)
  • Check if the insurance is flexible – allow changes time to time e.g. adding new components based on your life situation changes
  • Check different companies offers – they look similar but may have significant differences in details which are more (or less) suitable for you
  • Reasonable price of the insurance is estimated at 1% of insurance value per year, or 10-15% of the total insurance value.
  • Before signing the agreement, take the documents home and read them carefully. Wait at least 2 days to think the decision through

Your house / apartment is not insured? Prevent the future risks

  • Purchasing the insurance, check carefully the conditions you will not be paid out.
  • Purchasing the insurance, check carefully the conditions your house / apartment must meet in order you are paid out.
  • Before signing the agreement, take the documents home and read them carefully. Wait at least 2 days to think the decision through

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Microfinance Centre Financial Education Projects