Life Insurance Plans

Everyone strives hard to ensure future security of their loved ones. You too must be putting in endless efforts for the quality education of your children, their higher studies, marriage etc. Future Generali Flexi Online Term Plan / Insurance assures you about the security of the future of your family and fulfillment of their daily needs when you are absent. A range of online term insurance plans allow you to choose one that suits the best to you, based on your eligibility.

DHFL Pramerica Life Insurance is one among the topmost premier life insurance companies is India. The company has a variety of insurance plans under the categories of Life Insurance Plans and Group Plans. Its life insurance plans offer affordable life cover for an individual and the family. Following are DHFL Pramerica life insurance plans:

LIC Jeevan Saral plan gives various premium installment, such as yearly, half-yearly, quarterly, or monthly) to the clients, which is subject to auto-debit from the one's salary account all through the term of the policy.

Insurance is a form of protection from any unforeseen financial loss. Primarily, a risk management mechanism, insurance is the means by which individuals or businesses reduce the financial impact of a risk occurring. So, in the event of any unfortunate eventualities, insurance is there to take a financial risk on your behalf. A comprehensive insurance plan ensures full or partial financial compensation for the loss or damage caused by events beyond the control of the insured. In simpler terms, insurance is defined as the equitable transfer of the risk or a loss, from one party to another, in exchange for a premium.

Life insurance companies ensure secure future to your family when you are no longer with your dear ones. You can buy an insurance policy online as well as offline from your current or desired insurance company.

You must be planning wisely to invest your hard-earned money at different stages of life in order to gain the maximum profit in the future.Well, before youactually start investing, you must have adequate knowledge of the specific area of the market, as it might be risky and could lose your lifelong savings in the name of investment. Bharti AXA Life Insurance offers you the best investment plans to live up to the expectations of your family members. These investment plans power you to live out your dreams and realize those of your loved ones going forward.

Since the size of the life insurance industry is growing, so is the variety of the plans which the life insurance companies are offering to customers. First there were only traditional insurance plans which were rigid and paid a fixed benefit irrespective of the inflationary trends and market movements. Then the insurance industry revolutionized itself by launching Unit Linked Insurance Plans (ULIPS) which provided the dual benefit of life insurance coverage and market linked returns. Today, simple ULIPS have also evolved and insurers are offering plans which are a combination of a traditional plans and ULIP. Canara HSBC OBC Life Insurance Company is matching the evolving face of its competitors’ products and the Grow Smart Plan launched by the company is one such plan which has dual features and loads of benefits.

The plan, when seen at a glance is a combination of a whole life plan and a unit linked plan or it can be said to be a whole life unit linked insurance plan. Along with the regular features, the plan scores brownie points on some points which need highlighting. So let us see what they are:

• Unique format of a whole of life plan –
People generally want whole life coverage in life insurance to protect against unfortunate death. Though term plans offer the protection feature, they have a specified term. A whole life plan doesn’t and thus provides an exhaustive coverage option. However, whole life plans are generally offered as traditional plans which do not have any real value. This plan combines the features of a whole life insurance plan and also provides market linked returns becoming the single solution to dual needs of insurance coverage and wealth maximization.

• Loyalty Additions –
Though the returns are market dependent, the plan also promises guaranteed loyalty additions at the rate of 1% of the existing fund value at the end of the 15th policy year.

• Flexible coverage options –
The policyholder may choose any multiple of the premium as the Sum Assured subject to the minimum limit. What’s more, the company also allows the policyholder to increase or decrease the Sum Assured anytime during the policy year subject to a maximum of 3 increments or decrements within a policy term. Such a change in the Sum Assured would not attract any change in the premium amount and can be done easily.

• Flexibility –
The premium payment tenure is flexible and any tenure can be chosen by the policyholder subject to his requirements. The policy would however run till the policyholder’s 100th year. Being a ULIP plan, the plan also promises other standard flexible options like switching, partial withdrawals, premium redirection, etc.

• Wide scope of investments –
with a range of five different funds, the policyholder has the liberty to strategize his investments over a varied range of funds.

• Tax benefit –
as known, the premiums paid for the plan would be exempt from taxation under Section 80C and the claim received would also be tax-free under Section 10(10D) of the Income Tax Act.
Any individual aged 7 to 65 years can opt for the plan which runs for his entire life. Premium can be for any term provided it is a minimum of 10 years and a maximum of the policy tenure. The plan can be easily bought by paying as little as Rs.25, 000 every year. However, a word of caution - there is no maturity benefit payable under the plan as it is a whole of life plan. The policyholder can, however, make partial withdrawals after 5 completed policy years and four such withdrawals are free in a year. So, if you are looking for a whole of life plan which is also a good source of investment, look no further because the Grow Smart Plan by Canara HSBC Life Insurance Company is your answer.

Everyone needs to ensure that their life is secure going forward. Aviva life insurance offers a range of life insurance plans that ensure the security of the future of the insured. These life insurance plans provide an assured sum to the nominee after the death of the policyholder. Well, different life plans offer different points of coverage, based on the premium amount paid in reference to the particular policy.

Aegon Life Insurance Company has a variety of insurance plans in its kitty for its customers who can choose any plan according to their needs and requirements.

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We are the leading insurance and finance web aggregator and compare insurance online in India. Here we are explaning about future generali term plans, saving plans and retirement plans. | Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Easily share your publications and get them in front of Issuu’s millions of monthly readers. Title: Celebrate your 100th Birthday with Future Generali Life Insurance, Author: Yash sharma, Name: future_generali_life_insurance_laun, Length: 4 pages, Published: 2016-04-25T00:00:00.000Z

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