Why life insurance is the best way to ensure financial security

1
Why Life Insurance is the best way to ensure
Financial Security
2

• Life insurance is a means to ensure that your
  family and loved ones are taken care of if
  something unfortunate were to happen to you.
• A life insurance plan can be bought by anyone at
  any given point in life.
• There is no specific age at which people should
  buy life insurance.
• Its a misconception that only married people
  need to have life insurance.

3
(No Transcript)
4

• Its a great way to save on Income Tax for
  unmarried people or people who are just starting
  off with their career.
• A life insurance policy is the perfect blend of
  risk cover, returns and tax benefits.
• Besides being designed to protect the income of
  families who lose their breadwinner these plans
  also provide a host of other benefits that make
  them a truly worthy of financial investment.

5

• Here are some of the benefits that make life
  insurance a smart investment.
• Family security - The basic benefit of life
  insurance is supplementing the income of the
  family in case of death of the policyholder.
• This is one of the main reasons why people buy
  life insurance.

6

• It gives the feeling of security to the
  policyholder in case of the worst.
• Great ways to invest your money Insurance plans
  come in various types.
• There are some types of insurance policies that
  provide assured returns.
• Unit linked insurance plans provide investment
  opportunities along with life cover.

7
(No Transcript)
8

• In these plans a part of your premium goes to
  your life cover while the other part is invested
  in equity or debt.
• Loan protection The right kind of life
  insurance gives your family relief from loan
  payments during the time of crisis.
• If the policyholder has any loan payments
  pending after his demise, these policies will
  make sure that his/her family will not have to
  deal with them.

9

• Tax benefit Any payout you receive from a life
  insurance plan is completely tax free under
  section 80C of the Income Tax Act.
• Even the payment towards the premium is exempted
  from tax.