Top 7 Insurances For Dentists – Dental Practice Management
What are the various insurance cover that a dentist must know and use in order to financially safeguard his preofessional set up and his/her family. How to pay for consumer cases? This post will give information on the insurance policies that canfinancially protect dentists, their family and their clinical practice/career.
Insurances for dentists
protection of the family of the Dentist
You as dental surgeon work hard for the comfort and happiness of your family. Your living depends on your skill as a dentist. So, what are the insurances that you must have, in the case of the loss of life of a dentist or disability to work as a dentist?
For the protection of your family a Dentist must have 3 insurance options:
- Life Insurance (with maturity benefits)
- Term insurance (Insurance of life with no maturity benefits)
- Health Insurance (Insurance for health)
If you google about these, you will find hundreds of results. Do not get overwhelmed. Have patience and go through the plans. We will give you some pointers that you can use while you search for the correct insurances for you.
Insurances for Dentists: Life Insurance (With maturity benefits)
In this insurance, you deposit regular yearly or monthly premiums for a certain duration of time (say 25 years). At the end of this period, you will receive a lump sum that will include the interest of all the premiums you have deposited plus all the premiums.
Benefit: This insurance acts as your retirement fund. In next 20 years, you will be in stage V of your dental career and near to your retirement.
If you want to know about the stages of your dental career and how you should plan your insurances then you can read the article below:
STAGES OF DENTISTRY – LIFE CYCLE OF A DENTIST
This business illiteracy has put many dentists in dilemma; leaving them unsure about their future. I believe this is one of the primary reasons why many dentists are unhappy with their practices. Let’s get into the details of “Lifecycle” of your practice Yes, its a long journey of cycle …
This life insurance will provide you enough funds to maintain your financial respect even after your retirement.
The most popular in this regard is SBI Life Insurance. By far in terms of life insurance SBI is the most preferred and used. There are other private companies also that provide maturity life insurances. Each company has a website where you can calculate the premiums depending on how much insurance cover you want. Read all the documents properly before deciding on anything. If confused ask an experienced insurance agent or a lawyer.
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