Health Insurance Plan: Health insurance plans reimburse insured customers for their medical expenses, including treatments, surgeries, hospitalisation and the like which arise from injuries/illnesses, or directly pay out a certain pre-determined sum to the customer.Term Life Insurance Plan: Term insurance plans offer your nominee a fixed sum assured amount in exchange for regular premiums, in case of an unfortunate incident during the policy term.The maturity benefits also enjoy a tax-free` status under Section 10(10D) in most cases. The premiums paid are tax` deductible under Sections 80C and 80D of the Income Tax Act, 1961. Tax savings: Life insurance plans offer many tax` benefits to facilitate better savings.These plans offer guaranteed ^ income on maturity and help you secure your retirement with adequate savings. Retirement planning: Life insurance products like annuity plans, savings plans, endowment plans, and others help you build a retirement pool.They offer unique investment opportunities for every risk type with a wide range of products, such as unit linked investment plans, guaranteed ^ savings plans, endowment plans, and more. Disciplined investment: With regular premium payments, life insurance plans inculcate financial discipline.
They offer options to cover different types of risks and goals. Life insurance plans can be used to save for your future needs. Wealth creation: These plans help you create wealth over time and build savings.You can financially secure your family by choosing a substantial life cover + so that they can maintain their standard of living in your absence. Financial security: Life insurance products can provide you and your loved ones with financial security.There are several benefits of life insurance. It gives you peace of mind and confidence and helps you save taxes. Life insurance protects your family members’ financial interests in your absence.
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