Aditya Birla Sun Life Insurance Company Limited
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Individuals and members of Hindu Undivided Family (HUFs) are eligible for a tax deduction of up to Rs1.5 lakhs under Section 80C of the Income Tax Act. People may use the tax deductions to lower their overall gross income and minimise their tax liability.
For instance, if you invest in a term insurance policy, you can save up to ₹1,50,000 in taxes under Section 80C.
they could result in significant financial outlay for the affected individual and/or their family. And insurance can help in such a situation, since it covers the costs, leaving the insured person's finances secure.
Sounds simple yet brilliant, isn't it? Based on this foolproof concept, we have so many different kinds of insurance today.
To list a few, we have –
Life insurance
Health insurance
Homeowner's insurance
Two-wheeler insurance
Four-wheeler insurance
Travel insurance
Fire insurance
With so many kinds of insurance plans out there, what are the ones that you absolutely need to buy? If that's what you have been wondering, here are the top 3 must-have kinds of insurance plans, and why you need them.
Comprehensive health insurance plans may offer more wide-ranging coverage. So, this is another kind of insurance that you certainly should have in your financial portfolio, in order to ensure that your savings and investments don't take a hit during a medical emergency.
Aside from these, there are several other kinds of insurance plans available in India. What works for you depends solely on your needs and the needs of your family. So, write down your goals and your family's dreams, check how financially prepared you are for any emergency, and buy an insurance cover accordingly.
There are different types of insurance plans available in the market. And each kind of cover comes with its own set of benefits. Not sure how to find the right life insurance plan for your needs? Why don't you check out our blog on this subject? It can help you figure out what kind of plan may be the right one for you.
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Buy ₹1 Crore Term Insurance at Just ₹576/month*
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹576/month*
Buy ₹1 Crore Term Insurance at just @ ₹576/month*
ABSLI Salaried Term Plan (UIN:109N141V04) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6400/- ( which is ₹ 576/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
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