Life Insurance

The words ‘personal finance’, bring to mind a career with high income, goals, investments that compound and beat inflation.

Life insurance, in simple words, is a contract between you and the insurance company. The insurance company covers your financial risks.

Life insurance is designed to provide financial security to dependent family members in the event of the untimely demise of the primary earning member.

The life insurance market is at the forefront in helping protect this risk through various long term protection and savings products.

A life insurance policy can help you achieve a lot of goals in life. Life insurance plans help you safeguard your family’s financial future.

A life insurance policy is one of the most crucial investments you will make for both yourself and your family.

Insurance companies undertake a risk when they sell a life insurance policy. The level of risk can vary significantly from individual to individual.

If you buy a life insurance policy for yourself, your spouse, your parents, or your child, you can get tax benefits on the premium amount you pay every year.

Section 10 of the Income Tax Act allows a list of exemptions which are available to tax-payers. In this article, we will talk about its two subsections

Goods and Service Tax, popularly known as GST, is an indirect tax that is levied on the supply of goods and services.

“Why do I need life insurance?” - if this question ever crosses your mind, think about all the people who depend on you. All the people you love and hold close.

When you are looking to buy life insurance, you will come across several types of products. Two major types of life insurance include linked and non-linked insurance products.

Understanding the importance of life insurance and its nuances is crucial to recognise how it could help secure your family’s future.

Insurance jargons can seem like a whole different language. And not understanding them thoroughly can prevent you from making a well-informed decision.