Insurance in life provides you with a financial assurance that you keep for your famly. Paying a small yearly installments make a big difference in your family's life after you.A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime. We provide you with best life insurance policies, with minimum paper work without any hassle.
Term Insurance
Term life insurance is an agreement between the policyholder (insured) and the insurance company in which the insurance company pays a specific sum to the insured person's family in the event of the policyholder's untimely death.
Features
- Provides life insurance in the event of a disaster. If you are your family's sole income generator, you may help protect your loved ones from financial hardship by learning what a term plan is early in life to ensure a stress free income stream for your family.
- Ensures financial security in the event of a severe sickness If you are diagnosed with a disease covered by the rider, a lump sum payment is made to you to offset any financial hardship that your family may face as a result of your treatment.
- Covers you in the event of an unexpected death or incapacity.Accidents can occur at any stage and in any situation. Based on the intensity, you may require a substantial sum of money to cover medical expenditures and compensate for lost earnings. Knowing what term insurance and when and how to buy it might help you deal with events like accidental death or disability.
- Ensures tax advantagesYou may be concerned as a taxpayer about term life insurance tax benefits. Tax savings on insurance premiums under Section 80C of the Income Tax Act of 1961 are provided with term insurance plans. On the premium paid, you can claim tax benefits of up to Rs.1.5 lakh. Not only that, but under Section 80D of the Income Tax Act of 1961, you can get additional tax savings on critical illness insurance premiums.