Features of Life Insurance - Life insurance is a unique financial product that can achieve various financial objectives.
It can be utilized as a financial cover for your beloved family and dependents, provide a second source of income during retirement, and build a corpus for the child's future higher education and marriage.
When a medical emergency strikes, you not only need emotional support but also financial support.
While you have your loved ones to lift up your spirits, you need someone to take care of the medical bills as well.
This is where health insurance comes to your rescue.
Thus, it is wise to know the different types of Health Insurance available in India.
Life insurance can be useful for several reasons like:It protects your loved ones and allows them to lead a dignified and comfortable life in your absenceIt lets you create an additional source of income to meet your goalsIt helps you cover medical costs with add-on coverageIt offers you peace of mindIt helps you save for your old ageIt ensures a regular stream of income even after retirementIt helps you provide for your child’s education and future needs
Retirement Plans are a category of life/annuity plans that are specially designed to meet your post-retirement needs such as medical and living expenses.
To ensure that you can enjoy your golden years with financial independence, these policies help you plan for your expenses and secure your future.
A one time investment plan is a type of investment where a lump sum amount is invested in one go in a particular scheme for a specific duration.
As an investor, if one has a substantial amount of money with higher risk tolerance, they can invest in a one-time investment plan.
Best Term Insurance Plan - While choosing a term insurance plan, the first thing most people do is compare prices.
But by giving too much importance to the price of a term insurance plan, you may compromise with your family’s financial security.
Money Back Policy - The regular Guaranteed Cash Benefit (GCB) starts from the year when your premium payment term ends.
It is paid every year post that till the end of your policy.
You can choose to receive this benefit either monthly or yearly as shown below:
A life insurance policy acts as financial protection for your family in case of an unfortunate event.
It can also offer maturity benefits on surviving the term and be used to save for your future needs.
In return for this payout
Term insurance is a type of life insurance that provides coverage for a specific period of time or years.
This type of life insurance provides financial protection to the nominee in case of any unfortunate event with the policyholder during the policy term.
Term Insurance policies provide high life cover at lower premiums.
Features of Life Insurance - Life insurance is a unique financial product that can achieve various financial objectives.
It can be utilized as a financial cover for your beloved family and dependents, provide a second source of income during retirement, and build a corpus for the child's future higher education and marriage.
A one time investment plan is a type of investment where a lump sum amount is invested in one go in a particular scheme for a specific duration.
As an investor, if one has a substantial amount of money with higher risk tolerance, they can invest in a one-time investment plan.
When a medical emergency strikes, you not only need emotional support but also financial support.
While you have your loved ones to lift up your spirits, you need someone to take care of the medical bills as well.
This is where health insurance comes to your rescue.
Thus, it is wise to know the different types of Health Insurance available in India.
Best Term Insurance Plan - While choosing a term insurance plan, the first thing most people do is compare prices.
But by giving too much importance to the price of a term insurance plan, you may compromise with your family’s financial security.
Money Back Policy - The regular Guaranteed Cash Benefit (GCB) starts from the year when your premium payment term ends.
It is paid every year post that till the end of your policy.
You can choose to receive this benefit either monthly or yearly as shown below:
Life insurance can be useful for several reasons like:It protects your loved ones and allows them to lead a dignified and comfortable life in your absenceIt lets you create an additional source of income to meet your goalsIt helps you cover medical costs with add-on coverageIt offers you peace of mindIt helps you save for your old ageIt ensures a regular stream of income even after retirementIt helps you provide for your child’s education and future needs
A life insurance policy acts as financial protection for your family in case of an unfortunate event.
It can also offer maturity benefits on surviving the term and be used to save for your future needs.
In return for this payout
Retirement Plans are a category of life/annuity plans that are specially designed to meet your post-retirement needs such as medical and living expenses.
To ensure that you can enjoy your golden years with financial independence, these policies help you plan for your expenses and secure your future.
Term insurance is a type of life insurance that provides coverage for a specific period of time or years.
This type of life insurance provides financial protection to the nominee in case of any unfortunate event with the policyholder during the policy term.
Term Insurance policies provide high life cover at lower premiums.