Awareness is the First Step to Protection

The month of September is also known as the 'Life Insurance Awareness Month'. SANASA Life Insurance is committed to ensuring that individuals as well as their families are provided protection by obtaining a policy. But how many are truly aware of the benefits a life insurance brings?

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To signify the importance and relevance of this month, here's an interview carried out with 3 of SANASA Life Insurance's Heads of Departments to answer some of these questions that demonstrate how life insurance can uplift and secure one's future.

WHAT ARE THE PRIMARY FINANCIAL RISKS FACING A FAMILY, AND HOW CAN A LIFE INSURANCE POLICY ACT AS A SAFEGUARD?

Mr. Suranga Mahesh, AGM Sales: Life insurance serves as a crucial financial safety net, designed to protect a family from the financial hardship that can follow due to an unexpected loss of the bread winner in the family.

In the event of such a devastating occurrence, a life insurance policy provides a lump sum payout or a steady income stream to the family members. This financial support can be instrumental in helping a family to regain and maintain their standard of living, also cover essential expenses.

The payout from a life insurance policy can be used for a variety of critical purposes, including, settling outstanding debts such as loans, funding children's education, and covering day-to-day living costs.