Life insurance is nothing but, "Insured your life". L"IF"E is full of IFs... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your familys financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your familys financial wellbeing from the consequences of living without an income.
Insurance is an "Indemnity"-contract, i.e. to Indemnify the uncertain loss happens in the future. Insurance policy/plans is there to provide protection for yourself, your investment and your business. Insurance is chiefly a risk-management tool meant to offer financial protection to your dependents in the unfortunate event of your death.
If you are adequately insured, your life insurance should enable your dependents – spouse, children or parents – to maintain their current lifestyle and pursue life’s financial goals till the time that they are able to set up an alternate income stream on their own.
INCOME TAX ADVANTAGE
Life-Insurance As per INCOME TAX ACT, 1961 deduction allowable up to 1,50,000/-p.a u/s sec.80c.
Health-Insurance As per INCOME TAX ACT,1961 deduction allowable up to 55,000/-p.a u/s sec.80 D.
Get in touch with us for appropriately selecting suitable life cover for you and provide suitable financial protection for your family in your absence.