Sandeep Behl
Development Officer, LIC


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Since a guenevere ending is warranted, the grasshopper is helped by the ant and doesn't suffer as he justifiably should. Life insurance is basically a formal agreement between two parties, namely the policy owner and the insurer. Hence, good people have the responsibility to ensure the necessary support systems are in place. Life insurance policies take on many names and forms but they normally. However much most people are against taking up any form of life insurance, it unfortunately is a reality in life whereby you can't dictate the future. Bad things can happen to good people.

He then makes periodic payments to the insurer based on the schedule. A payment schedule is derived based on the policy owner's requirements and affordability.

It's akin to Aesop's fable of the grasshopper and the ant whereby one who doesn't prepare for hard times deserves life's damaging blow.

In the occurrence of insured events within the policy's coverage such as owner's death, illness or hurt, the insurer agrees to pay a specific sum of money to the owner or named beneficiary.