Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.

Term Life insurance is a great protection against financial risks. Selecting the tenure of your term plan is as important as the Sum Assured. A life insurance policy is usually taken for covering financial risks until the end of your working age. So, it is always better to select a term plan that lasts till you have cleared all your financial liabilities like various loans, education, and marriage of children.

There are multiple benefits of owning a life insurance policy:

  • Financial security for your family and loved ones
  • Term Plans offer High life cover at affordable premiums
  • It offers Tax benefits under Section 80C of Income tax act, 1961 & allows the deduction from income to the extent of premium paid i.e., up to Rs. 1.5 Lakh.
  • The most attractive part is Tax free payout subject to condition mentioned under section 10(10D) of Income Tax Act, 1961.
  • As soon as one start earning, term plan must be purchased to enjoy the benefit of low premium till the tenure of policy.
  • Guaranteed income through Annuity plans

We always suggest our clients to go for term plans rather than traditional insurance plans as they attract very low premium for higher risk coverage.

Request a Call Back

    20 + 11 =