What are the benefits of Insurance?

Benefits of Insurance

Tax Benefits

The premium or installments you pay for insurance policy is exempted from tax.
The life insurance money you get after a death in family is also exempted.

Loan Benefits

Active insurance policy can be used as proof of being a planner while taking a loan – help you get loans at lower interest rates.

Investment

In some insurance plans, the companies reinvest a part of the installment you pay into share market. So, you can see your money grow and have an insurance at the same time.

Long-term planning

In some insurance plans, you get your money back after a set time period. This money can be used for any purpose.

Points to remember:

We need insurance because it gives:

Financial security to our families
Tax benefits
Loan benefits
Investment options
Lump-sum amount after end of Term

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