Avon Insurance Brokers LLC

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1 Avon Insurance Brokers LLC Volume 1, Issue 1 Newsletter Date: ABOUT AVON INSURANCE BROKERS (AIB) Special points of interest: What is Life Insurance? Who needs Life Insurance 4 Reasons Why a family needs Life Insurance Why should you Invest? Special Offers! A Premier Insurance Brokerage company in Dubai established in the year 1998 serving customers across Emirates with strong reputation among our customers and industry peers, AIB has acquired thousands of satisfied policy holders; we have been serving them continuously for the past several years. The company is promoted and managed by Mr. K.V. Venkateswaran a veteran in the Insurance business with over 20 years of experience. Reputation and Service are two deciding factors in choosing an Insurance provider. At Avon Insurance Brokers (AIB) we rely on our core strength in both as a Life Insurance Broker and a General Insurance Broker. We offer specialized services covering the entire gamut of Insurance solutions. Insurance is an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table. Ambrose Bierce Our company's reputation is based on our ability to respond quickly, fairly and effectively. Situated in the heart of Dubai's business district on Sheikh Zayed Street, At Avon Insurance Company, guiding people like you in to safe harbors has been our mission for the past several years. In association with all major Domestic and International Insurance Firms, we offer Life Insurance, General Insurance, Property Insurance, Marine, Motor Policies, Health and Medical Insurance, Individuals and Groups along with a proud tradition of personalized service stretching back to our roots in close-knit Business and Personal customers across the UAE. Your Avon Broker is your personal friend and advisor who will assess your insurance needs and provide sound and independent advice. AIB has acquired thousands of satisfied policyholders, whom we have been serving continuously for several years. We have a Database of over 30,000 clients across the region.

2 Page 2 Our Services Life Insurance Solutions: Whole Life Insurance Term Life Insurance Keyman Insurance Savings & Wealth Management : Retirement planning General Savings Child Education Plan Short & Long Term Investments Non-Life Insurance Solutions: Medical & Health Insurance, Individual and Group. Personal & Business Property Insurance Motor Accident Insurance Business Interruption Insurance Travel Insurance Money Insurance Marine Cargo & Marine Hull Insurance Workmen Compensation Insurance General 3rd party Liabilities Credit Insurance Medical Mal Practice Mortgage Insurance Commercial Property Insurance for Fire and Allied Peril What is Life Insurance? Life insurance provides you with the opportunity to protect yourself and your family from personal risk exposures like repayment of debts after death, providing for a surviving spouse and children, fulfilling other economic goals (such as putting your kids through college), leaving a charitable legacy, etc. Life insurance protection is also important if you are a business owner or a key person in someone else's business, where your death (or your partner's death) might wreak financial havoc. Life insurance is a great tool to help ensure the family s financial future. Who Needs It? Not everybody needs life insurance. If you are single and have no dependents, it may not be worth the expense. If, however, you have anyone who financially depends on you (even partially), life insurance may be appropriate for you. When considering life insurance, the questions to ask yourself are this: Do I need life insurance? How much do I need? How long will I need it? What type of policy makes sense for me? (this will be answered in our next section) Your need for life insurance will depend on your personal circumstances, including your current income, your current expenses, your current savings and your family's goals. Rules of thumb might indicate that purchasing life insurance that covers six to 10 times your gross annual income is the right amount of coverage. But, that's merely a guide. Your family may need more or less than that. When deciding how much coverage is necessary, you really have to lay out the details of what you have versus what goals you'd like for your family once you are gone, keeping in mind that their security can often carry a higher price tag than you originally thought. If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance

3 Page 3 Here are 4 reasons why every family should have it. Life insurance provides a powerful way to prepare the family financially in the event that the breadwinner is no longer around. There is no time like the present to get a quality policy and ensure that the loved ones are going to be financially secure. Here are four reasons why life insurance should be considered a necessity in today s high-cost world. Immediate Needs Are Resolved with a Life Insurance Policy Because one never knows when the benefits of a life insurance policy may be needed, it is a good idea to always be ready. Life insurance can provide money for immediate needs such as living expenses, for the costs of health care if there was an accident or illness previously, and other expenses that may be needed right away. Debts Can Be Paid Off from Life Insurance Benefits A large benefit of having a life insurance policy is that it can enable all debts to be paid immediately. This can be especially useful if there is only one income and there are mortgage payments, credit card debt, car payments, health insurance payments, and more. The insurance benefit can pay all of the debt immediately, bringing relief to the family s financial needs and providing security. Money from a life insurance policy can provide for the spouse and children and enable life to go on at the same accustomed lifestyle. Life Insurance Can Provide for the Children's Education If the children are still young, then it will be necessary to think about their future education. With the cost of a college education continually rising, financial help is apt to be needed if they are ever to get that post high school education. The proceeds from a life insurance policy can provide for some or all of their future educational needs. Retirement Can be Made More Comfortable with Life Insurance Insurance business is about promises and trust. It is about delivering to the customer in times of need. Preparation for the possibility of an early death does not automatically mean it will happen. It is quite possible to live longer than anticipated. In that event, however, cash from a life insurance policy could provide some financial help and security (depending on the type of life insurance obtained). Life insurance, whether term life insurance or whole life insurance, can enable a family to be prepared against many potential problems. Because life insurance rates do vary considerably, it will be a good idea to get several life insurance quotes before buying and then comparing the life insurance policies carefully to ensure the best coverage for the family. Fun is like Life Insurance: The older you get, the more it costs

4 Page 4 Why Should You Invest? If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save. By investing your money, you are getting your money to generate more money by earning interest on what you put away or by buying and selling assets that increase in value. Many people wonder: why invest? Well, the reasons for investments are very clear and simple. Investing or investment makes you to prepare for your future. Nobody wants to work their entire life. Investing is one good option that you can secure your future. Well, you can earn money in two ways by working or by having your assets work for you. One of the main reasons to invest is that if you keep your money with yourself instead of investing it, your money doesn't work for you. You will only have the money that you have saved. You can invest your money and generate more money by earning interest on what you have put away or by buying and selling assets that increase in value. People may have a different need to invest. Some people may think that keeping their money in the bank pays them a good interest and why should they bother to find other vehicles for investment? But not all people think in this way, there lots of people who invest their money and gain profits out of it. If you dream of earning a huge sum of money for your future, you need to invest now. It is never too late to invest. The earlier you invest the better and easier for you to build your nest egg. You may find a lot of short, intermediate or long term plans. Keep these plans in you mind when you actually think to start investing. Focus on your investment plans and generate more cash for your future. You have many reasons to invest. Investment types Types of investments: 1. Equities, Bonds, Stocks and Mutual funds. 2. SIP (systematic Investment planning (SIP) or Regular Investment Plans (RIP) 3. Single contributions, for short term or Long term 4. Structured Notes

5 We plan for what you value the most! You could earn upto 2 monthly free premiums on Life Insurance policies* AVON INSURANCE BROKERS LLC Address : Office #301 & 305, 3rd Floor, White Crown Tower, P.O.Box: 29069, Sheikh Zayed Road, Dubai, U.A.E Phone: Phone: E: invest@avoninsuranceuae.com You could get upto 1.5% additional allocation on single lumpsum contributions.* You could get upto 4% bonus on increased regular premiums for existing customers* *-Please check with our financial advisers for all offers Next Issue : Critical Illness explained! Visit us on