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Life Insurance

It Is Certain that We All Must Die.
Only The Time of Death is Not Known.

Life Is Preparation.
Death Is Examination.

Are We Prepared to Write The Exam Well? Do We Have Enough Life Insurance, That Our Family Will Have the same life style after us.

Why Life Insurance?

It is the Policy that is contract with Insurance Company and the Customer that a Lumsum amount is paid to the Nominee or the beneficiary of the Insurer upon the death of the Insurer in exchange of the agreed Premium Paid to the Company. 

Importance Tips Before Buying Life Insurance

  1. Buy Life Insurance When Young and Healthy. Otherwise As the saying goes, You Reject When Your Healthy. Insurance Company Reject Your Sick. It is most desirable that you get minor symptoms as you grow. 
  2. You also get Insurance Premium cheaper When Your Young and Healthy.
  3. Declare Your Medical Records correctly when You Buy So Insurance Company don’t reject your claims. Including Smoking, Alcohol consumption, chewing tobacco etc. 
  4. Keep Your Medical Records safely in a File and/or Softcopy. 
  5. It is recommended to have 10X of your Annual Income as Insurance coverage
  6. I Strongly recommend you to take Insurance coverage of atleast equal to your debt amount so your family does not suffer in your absence and face the Creditors/ Bank Recovery procedures which is most painful. 
  7. One must also take the life Insurance even if the major responsibility is pending like Child Education, Marriage etc. 
  8. Attach MWPA (Married Women Property Act) with your policy always. So the proceeds always goes only to your wife and creditors cannot claim even in the court of law. 

Benefits of Life Insurance

  1. Loan Facility
  2. Tax Benefit under Income Tax Act of Section 80C, All Premiums/investments made are subjected to tax rebate and Under Section 10(10D) of Income Tax Act, All the maturity proceeds or surrender of the policy or on death of Insured are completely tax free on the receiver subject to certain conditons
  3. Risk Cover – Offers Financial Security to the Family
  4. Death Benefit
  5. Assured Returns
  6. Life Stage Planning 
  7. Safe and Timely Returns

We can help you provide the plans that will suit to your requirements and needs, aiming to provide the financial security to the family, Attaining the Financial Goals that one have. To Know more details or get a right policy for you, Contact Us