Life Insurance

Importance of Life Insurance
Aegon Life Insurance
Life insurance plans are a safe and secure way to defend your family members after your death. When deciding to buy a life insurance plan, you enter into an agreement with an insurer who, in return of a regular premium paid, offers the benefits of financial coverage in the sudden case of your unexpected demise. Your insurance cover and premium depends upon certain factors like your age, medical situation, etc. It is advisable to compare life insurance plan for better coverage. Besides offering monetary safety for your own family, life insurance policies offer the following advantages:-

Fact: Life insurance is an excellent way to plan your life and execute it in the manner you like. That is because it offers peace of mind that during the case of any unwanted event which results in your demise, the sum assured paid by the life insurance plan might be sufficient to take care of expenses. This is the number one advantage of existing coverage because it helps tide over hard situations without problems.

Tax advantages: The advantages offered by life coverage rules are eligible for tax deductions under the Income Tax Act in India. Additionally, charges paid on life coverage gets tax deductions under segment 80C of the Act. This advantage is frequently utilized by taxpayers throughout the country to plan their taxes. Those tax advantages additionally in an inclusive way helps boost the financial savings within the country and this, in turn, enables the monetary market and the overall economy – a reality often neglected because it does not directly affect the taxpayer. Try to compare life insurance plan online, so that you will be able to get the best insurance policy for yourself.

*Encourages contribution: *A life cover helps you to invest a regular amount, thereby increasing your corpus, which may come in handy for your family in case you are no longer there to support them.

Plan for retirement: Making plans for retirement is the biggest advantage of existing coverage plans. The EPF, PPF, and different pension plans only cover a small part of the population. But in most cases, those plans are encashed by individuals when he or she changes a company or moves abroad. Life insurance serves its purpose in such cases as it enables to build up a corpus for retirement and also provides life insurance coverage on the other hand.

A life coverage policy safeguards you from towards numerous small or major problems that life may throw at you. It guards you against the unwanted happenings of life and makes sure that you have a peace of mind while not worrying about your family and their well being after you are gone. It is advisable for you to compare life insurance plans online before making any decision to get the coverage.

Bharti AXA Life Insurance is a renowned life Insurance company. It brings together the strong financial expertise of the Paris-headquartered AXA Group and Bharti Enterprises, which is a leading business group that operates in over 18 countries. The joint venture has a 51% stake from Bharti and 49% stake from AXA. Today, Bharti AXA Life has a countrywide footprint of distributors trained to provide quality economic advice and insurance to the large Indian customer base. Bharti AXA Life offers a wide range of products and services that cater to specific insurance and wealth management needs of consumers.

Life insurance - a comprehensive insurance plan that consists of insurance for every important stage of life. With it, you can create wealth and can get quality protection for whole life. The benefits depend upon the plan. With it, you can secure the future of your child and your post-retirement life as well. It allows you to save your valuable money and invest it in a profitable way if you want.

Why Life Insurance?

Life insurance is a great tool which is widely used by people to provide a basic cover for their family so that they could easily meet their critical needs and have a standard of living even when you are not around to take care of them. This is because, with the help of an effective life insurance plan, the insurance company will pay a predetermined sum of money after your death to the beneficiary as stated in the policy’s documents. You can even get the same when you are bedridden with any critical diseases. Thus, life insurance refers to be the most effective insurance plan that you must add to your investment portfolio.