According to stats, only 57% of people have life cover, and 70% of those are underinsured. This leaves their families with inadequate cover and in financial distress when they pass on.
Life cover is essential to ensure that your family and loved ones are taken care of in the unfortunate event of your demise, whether during your working life or during retirement.
Why do you need life cover?
Kinds of Life Cover
This is life insurance that covers you for your whole life and will pay out a lump sum amount to your beneficiaries no matter when you die e.g., policy of £200 000 life cover will pay out when you die.
This is life insurance that is chosen for a particular term length and will pay out if you die within that period. If you don’t die during the selected term, it will not pay out to your beneficiaries and your premiums are not refundable.
There are 3 kinds of Term Life cover.
For many, life cover is a thing that seems very far away or a waste as you never see the results, but not having it will be far more detrimental for the ones you leave behind. Chat to your adviser to find the life cover that best suits your current circumstances and protects your assets. [email protected]
* https://www.which.co.uk/money
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
deVere India’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere India’s Head of Public Relations on [email protected] or call +44 2071220925
Date for the month ending August, 2024
Sr. No. | Received From | Pending at the end of the month | Received | Resolved | Total Pending# | Pending complaints > 3 months | Average Resolution Time^ (in days) |
---|---|---|---|---|---|---|---|
1 | Directly from Investors | NIL | NIL | NIL | NIL | NIL | N/A |
2 | SEBI (SCORES) | NIL | NIL | NIL | NIL | NIL | N/A |
3 | Other Sources (if any) | NIL | NIL | NIL | NIL | NIL | N/A |
Grand Total | NIL | NIL | NIL | NIL | NIL | N/A |
^Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month. If you have a complaint, send it to this email, [email protected]