Let’s find the Best Insurance for you.
Life and properties are always surrounded by the risk of death & loss , Transfer that risk by buying insurance and protect yourself against undefined losses.
Protection Against Uncertain Financial Loss
Insurance is one of the most important financial topics in today’s complex world. Failure to have sufficient insurance coverage is the quickest and easiest way to accrue mass debt. Adequate insurance of your life, health, vehicle, house and business acts as a shield against financial strain in case of any loss.
A life insurance policy is an agreement between a policyholder and an insurance company. The insurance company promises to pay a certain amount in the unfortunate event of the insured person’s demise during the policy terms in exchange for the insured’s premium. Investment in Life Insurance is eligible for a tax deduction of up to ₹ 1.5 lakh under section 80C of the Income Tax Act, 1961.
Term Life Insurance
Term Insurance provides a huge amount of Life insurance cover at an affordable premium. Earning persons must purchase this policy to protect their family from financial stress on an earning member’s untimely death. Taking riders with Term insurance can further increase your risk cover.
These are traditional Insurance Plan that combines the benefits of saving and protecting in a single plan. They offer life cover during the policy period and a guaranteed return at the end of the policy period. These policies are especially attractive for long-term savings as the interest rate in Bank FDs and other small saving instruments are constantly falling.
Unit Linked Insurance Plans
ULIP or Unit Linked Insurance Plan is a type of insurance that combines the benefits of saving and protecting in a single plan. The major advantage of ULIP over the traditional wealth creation tools is the benefit of a Life Cover. As a result, your and your loved ones’ lives are protected from life’s unexpected turns, and your money can grow simultaneously.
Motor insurance is mandatory as per law for every vehicle. This policy covers the owner/driver against financial losses due to accident or theft. A motor insurance policy also covers financial loss from third-party liability due to accidental damage, injury or death of a third-party.