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Postal Life Insurance and funeral insurance: different and complementary

Postal Life Insurance

IndusInd bank credit card

Life and death insurance protects your family differently

If to protect our family we hire private medical insurance with which to keep our pediatrician or we include our children in car insurance; It seems logical to think that we also want your protection for when we are no longer here. To fill this function there are postal Life Insurance and funeral insurance and, although both are related to the death of the insured, they are very different from each other. Whereas there are many ways to pay the amount of insurance such as provided by IndusInd bank credit card.

The insurance of deceased

A funeral insurance is responsible for the expenses related to the funeral and bureaucratic procedures in the event of the death of the insured. These insurances pursue a very human objective since they are aimed at alleviating the burden that falls on the shoulders of family members at such a difficult time.


Regarding the premium, your insurance company calculates the approximate amount that the funeral expenses will imply and can include in the policy a complementary capital that allows paying for possible adjustments in the services contracted. If finally, the capital contributed exceeds its real cost, the difference will be returned to the beneficiaries.

One of the differences presented by the insurance against deaths is that it covers all family members, including those under 14 years of age. Following this line, the most complete Death Insurance guarantees the provision of the service regardless of the reason for the death.

You can also hire additional coverage of great utility, such as repatriation costs and national and international transfers.

Postal Life Insurance

The purpose of Postal Life Insurance is to protect the family's economic stability once the insured dies. In this way, the beneficiaries are not left unprotected if they lack the main sustenance of the household and must face the payment of a mortgage, pay for studies, or simply maintain the standard of living.

The amount received by the beneficiaries of a Life policy is equivalent to the sum that the insured has contracted and can be received in a single or several rents. In addition, the contracting of these policies is accompanied by interesting tax deductions.

The complementarity of life and death insurance

In the first case, the family decides to contract a Death Insurance, and not a Postal Life Insurance, to be able to contract a family policy and include the children of school age. However, one day the father receives the absolute disability due to a serious traffic accident and can no longer take care of the family business, which was the main sustenance of his family. With Postal Life Insurance you could advance the payment of the sum insured and not worry about your financial situation.

In a second case, the family decides to take out Postal Life Insurance, but not one of Deceased, and in the traffic accident, the father dies. His wife and children, as beneficiaries of the policy, decide to allocate part of the sum insured to pay the high costs of the funeral; but the collection of the compensation is not immediate and they must deal personally with these expenses, compromising their financial situation at that delicate moment.

As you can see, the situations are totally different and each product presents different advantages and that is not exclusive, but complementary.
Postal Life Insurance and funeral insurance: different and complementary Postal Life Insurance and funeral insurance: different and complementary Reviewed by Jhon on 9:47 PM Rating: 5