Benefits Of Insurance

Offers Risk Cover
In case of an unfortunate event, you and your family are protected with a high risk cover.

Death Benefits
Sudden demise of a family member leaves the dependents grief-stricken and during such situations financial worries should be the least they should think of. An adequate life cover ensures that one's family is well taken care of in case of such incidents. The insurer pays up the bereaved family the sum assured along with any bonus or profits, as applicable.

Tax Benefits
Under Section 80C of Income Tax Act, investments made in certain specified instruments are subject to tax rebate. Moreover, Section 80C is an effective way by which a salaried person can reduce his/her tax liability. Since life insurance premiums are taken into consideration, it can be a way that will help you reduce your tax burden.

Loan Facility
As per policy provisions, you can avail loan facility to meet any emergencies. The loan amount can be taken in a percentage of the sum assured of your life insurance.

Assured Returns/Income Benefits
Certain policies that offer money back benefits helps in keeping your family secure with regular & timely payouts. This income helps in meeting certain regular expenses like rent, bills, loans, etc.

Life Stage Planning
Insurance enables you to effectively plan for every life stage and needs during that stage. Life insurance can be viewed as long term investment instrument that provides solid financial support. As per your life stage and risk appetite, you can fix and meet all your financial goals whether it is your child's education, wedding expenses, buying dream home or your retirement- all taken care of.

Safe Investment
Your money is invested in life insurance is safe and returns are paid back on time. It also fetches good returns as the money is returned to the policyholder / beneficiaries as sum assured either on completion of the policy term or death, whichever is earlier.

why do we need insurance

Insurance is important because it can help protect you, your family, and your assets from financial risk. It can also help you recover faster after an accident or disaster by providing financial assistance. Some reasons why insurance is important include:

Financial security - Insurance can help provide financial stability during potential losses, such as death, disability, or other scenarios.

Emergency assistance - Insurance can help cover the costs of emergencies such as house damage, car accidents, and hospitalization.

Peace of mind - Insurance can relieve the stress of seeking financial assistance if something were to happen.

Prevent monopolies - Insurance can help prevent monopolies from forming by providing support for smaller businesses to take risks.

Manage medical costs - Insurance can help manage the costs of medical emergencies, hospitalisation, and treatment.

Liability coverage - Liability coverage in business insurance can help protect a business from bankruptcy.