Life Insurance Services

Life is beautiful, but also uncertain. We can never predict what could happen the very next moment. In such cases, the financial security of the family becomes most important. One such security medium is life insurance.
“Life Insurance” is defined as a financial product that pays you or your dependents a sum of money either after a set period or upon your death. In other words, life insurance is an insurance tool or a provision that helps you secure your family’s financial future by getting adequate risk cover for your life. In return, you pay a particular premium amount to the insurance provider and can be rest assured that your family will be financially secured even in your absence.
Benefits :

• Secure Family’s Financial Future : Life insurance plans cover you against the unfortunate event of death and provide the entire sum assured to the nominees/beneficiaries of the policyholder. The inner peace of knowing your loved ones’ financial future is secure, is unrivalled.
• Protection against Critical Illness, Accidents & Disabilities : A rider is an add-on cover to the base policy that provides additional benefits. Most Life Insurance plans, offer optional riders, for extra protection against Critical illnesses, Accidents & Disability. Riders can be opted for by paying a small additional premium along with the base plan.
• Tax Benefits³ u/s 80(C) & 10(10D) : You can avail tax benefits³ on premium paid and death benefit received under the policy as per Section 80C an
• Retirement Planning : A life insurance policy is an ideal way to accumulate wealth over the term of the policy and use the funds during your retirement years. With a life insurance plan that offers savings and investment options, you can choose from various plans that will help you make a financial plan for your future when you no longer have a steady flow of your salary income.
• Protection from the Burden of Debt : If you have taken a loan, a life insurance plan can ensure that in your absence, the burden of repaying the loan should not have to be shouldered by your family. Hence, they can use the benefits of life insurance to fulfil their own financial needs and also do away with pending loans, in case you are unable to fulfil them.