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Protect your Family’s potential future.

by Ravi Gupta consultant
In case you are not there to protect them, Make sure that you leave a safety net.

Life is unpredicted.
Initiate by thinking of all different scenarios that may be applicable: You may have to choose to retire early; your investments may have gone sour and you have not got time to rebuild your nest egg. Additionally, there might be a need to cover final expenses, your children are still studying and are at home and require your financial support, or you may have a aging family member or special-needs sibling that requires your financial support and attention.

Do you want to protect your loved ones for the future when you are no longer around to provide for them? Well we all do and want to provide our near and dear once a protected future. Life insurance gives us that peace of mind that when we are gone our family will be taken care of and they won’t face any financial difficulties. You have a wider range of options to choose best health insurance plan in India.

Are you covered?
Only 52% of people per million have life insurance, but the entire population have loved ones- spouse, aging parents, kids, partners—that need financial protection if something wrong happens to them. Four out of ten individuals do not have life insurance the question here is- Are you amongst those 52%?

LIC insurance plans come with protection as well as various benefits.
A wide range of plans are available under LIC life insurance plans that help to fund financial goals. These could range from low risk-low return instruments like bank deposits and small savings, or higher risk products such as equity, which can potentially offer higher returns. Insurance have more benefits over other investment vehicles in a number of aspects.

Life Insurance is the future goal planner.
Once a goal is identified and the value for it has been determined, a life insurance policy is an excellent way to fund the goal. This is because one can be assured that even in the unfortunate event of death or critical illness; the sum assured will fund the financial goal of the holder of the insurance policy. It provides certainty to the holder.

Tax Benefit
Most of the insurance policies offer maturity benefits as tax free under Section 10 (10D) and the Paid premium is eligible for deduction under Section 80C of the Income Tax Act, 1961.

Flexibility
Unit Linked Plans are insurance products that provide flexibility in terms of asset allocation to suit specific risk bearing capacities, policy durations, premium payment terms and even switching options of funds.

Apart from providing protection to the policy holder and their families, life insurance also helps the holder to gain financial growth and stability.

We’re done with this post on Protect your Family’s potential future.. You can keep reading our articles to know more about topics such as best health insurance plans in India, LIC insurance plans, LIC life insurance plans etc.


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About Ravi Gupta Junior   consultant

0 connections, 0 recommendations, 11 honor points.
Joined APSense since, January 4th, 2018, From new delhi, India.

Created on Feb 19th 2018 02:46. Viewed 293 times.

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