Life Insurance

Three reasons to buy Life Insurance Plan

Life insurance is an important financial tool which can help you to create a financial net for their loved ones in case anything unforeseen happens to the life assured.

1. Life Cover: A life insurance policy provides a sum assured as the death benefit in the event of an untimely demise of the policyholder, thereby providing financial security to the life assured’s family.

2. Financial Stability: Purchasing a life insurance policy can help one ensure the financial stability of their loved ones in the future.

3. Tax Benefits: Life insurance premiums qualify for a tax deduction of up to Rs. 1.5 Lakh under Section 80C of the Income Tax Act.

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