LIFE INSURANCE

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There is nothing more important than your family’s security.

Life insurance is insurance that pays out a sum of money either on the death of the insured person or after a set period.

Benefits of Life Insurance

1. Life Risk Cover:

Life insurance provides you with a high life risk cover that keeps you and your family protected in case of an unfortunate event. 

2. Death Benefits:

Investing in life insurance gives you and your family a secure future. In case of any untoward happening to the insured, the insurer pays up the entire amount i.e. the sum assured plus the bonus to the bereaved family. Life insurance also safeguards the interest of people who have diminishing incomes with advancing age, people who meet with accidents or for retired people. There are numerous policies available and you can choose the policy that will best suit your requirements. 

3. Tax Benefits:

Section 80C of the Income Tax Act is an effective way for the salaried person to reduce tax liability. Under this section, investments made in the specified instruments are subject to rebate. Currently, the amount available for rebate under section 80C is Rs. 150,000 which can be invested in life insurance premiums.

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4. Investment Benefits:

Now days life insurance also provides your large number of investment options as per your requirement simultaneously with a life cover, Life insurance investments have options of investing your money in equity, debt or balanced category as per customers risk averse category. Also life insurance is the only product at the moment whose returns are totally tax free.