In today's world, the speed of life becoming so fast and for that, the chances of accidents and danger is increasing. To tackle the financial crisis which will come after your death in your family, you must have a life insurance policy with you. You will be able to protect your family with the help of a life insurance policy.
Life Insurance is a form of investment which you will have to make and in return, the company will provide an amount of money to your beneficiary or nominee. A Life Insurance Company in India will bear all the expenses of the household of the policyholder like regular bills, EMI of loans, Children's education, nursing care for parents etc. Here are some points which can help you to know about how your family will be profitable by a life insurance plan Various Investment Options By investing in a life insurance policy it's not that you or your family will only get benefits after your death but you can get a return of the premium which you paid during the tenure of the policy. There are several plans of the policies from which you will get considerable returns at the time of maturity, which you can buy from many Life Insurance Company in India. Low premiums, Huge Coverages The biggest reason for which you can buy a life insurance policy is the cost of the premium. There are some premiums which will offer you more than ten times the amount of your premium paid, only by investing a small amount. A Life Insurance Company in India can also give you this facility. Insurance policy as a retirement plan Nowadays people are working for private companies and in which you may not get any pension after your retirement. But with the help of a life insurance policy, you will get steady pay-outs in the form of annuities and the policy will become like a source of pension when you retire. Plan Your Tax You can use a life insurance policy to save your tax because under the Income Tax Act of 1961 a policyholder is eligible to avail tax benefits. Under Section 10, 80C and 80 CC of the Income Tax Act, you can avail tax benefits through life insurance policies. That means if you pay income tax then you can choose a premium by which some amount of money will be deducted from your income tax and your income tax amount will be that much less. This feature depends on the premium. With a wide range of benefits which comes in a single life insurance plan, you can easily secure your family's lives and your own. So, if you want a life of peace and a secured future then you must choose a life insurance plan from any life insurance company in India. Find your own plans and make a selection of policies and purchase and if you want to buy life insurance policies at a very low amount of price then go online because there will be no agent or middleman.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
April 2022
Categories |