In the simplest way possible, Life Insurance is a product that provides your family with money when you are not around to financially provide for them. It is important to consider buying Life Insurance so that you are better prepared to face life's uncertainties.
A Life Insurance plan helps build a shield of protection for your family. Buying Life Insurance secures your financial future and relieves you of stress, as well as protect your loved ones’ life goals.
Let us begin with a simple thumb rule – everyone needs Life Insurance. A life insurance policy ensures financial support for your family, assuring you of a stress-free life.
Let us tell you just how important it really is to have a life insurance plan in place.
TO PROTECT AGAINST UNCERTAINTIES
Life comes with its own set of surprises, and it is always a smart choice to financially secure your family from unforeseen situations. A life insurance plan is a must to safeguard your family’s financial independence, and simply for peace of mind.
TO REDUCE RISK OF HEAVY DEBT
It’s easy to get into debt, and more difficult to get out of it. Losing an earning member could bring a financial crisis on the family. To avoid getting your family into heavy debt, you can use your life insurance payouts to clear off loans such as vehicle loans, personal loans, etc.
TO ACHIEVE LIFE GOALS
Everyone has goals set out for their future, big or small. A Life Insurance policy helps you achieve your primary goals such as securing your children’s education, a dream house, etc. So, for people looking for something more than financial security, there are investment products available for you to create a savings pool for your family’s future.
TO SECURE A WELL RETIRED LIFE
Let your retirement bring you a joyful second innings. A retirement plan assures you of a regular income and zero financial stress, letting you maintain quality of life and spending every joyful moment with your family.
Now that you know that Life Insurance is indeed the first step to financial security, it’s time for you to get started on determining your needs and find the most suitable insurance policy for you – a policy that could eventually change your loved one’s life for better.
BEWARE OF SPURIOUS/ FRAUD PHONE CALLS!
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
• Public receiving such phone calls are requested to lodge a police complaint.
Tax benefits are as per applicable laws which are subject to change. Policyholders are advised to consult tax expert for better clarification /interpretation.
In Linked Insurance Products, the Investment Risk in Investment Portfolio Is Borne by The Policyholder. The linked insurance products do not offer any liquidity during the first five years of the contract. the policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of fifth year. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document issued by the insurance company.