Life is filled with uncertainties, and in such a scenario there is just one bedrock on the basis of which ones' future will depend. The future comes with its own set of challenges & hurdles and it is not completely possible to deal with it the best way at all times. Further, one does not have control over future instances; but one can take necessary precautions to control the impact of future uncertainties.
Birla Sun Life Insurance (BSLI) offers you 4 excellent life insurance policies that execute a variety of functions. These policies are term insurance plans that afford you with high returns even if you pay reasonably priced premiums. Further, they provide the policy holder with the opportunity to increase their sum assured without increase in the amount of premium.
The BSLI Protector Plus Planprovides an absolute safety cover to protect your family's future needs, whereas the Future Grans Plan gives back all the premiums paid after the policy matures. The Easy Protect Plan affords you with less premium payments & rewardsyou if you lead a healthy life. Lastly, the Protect @Ease plan offers a high sum assured of Rs 5 crore.
What are the benefits of taking life insurance plans?
Let's discuss some of the benefits of taking life insurance plan
Helps you plan your future:
An insurance policy treats you with a big sum at the time of maturity. Since you are aware of the maturity tenure, you can plan your future goals parallel to the policy mature date. If you see, many people buy life insurance keeping in mind a certain major life event. For instance, a 35 year old man will take a life insurance policy for 20 years to get a lump sum amount which he can direct towards his child's wedding.
Your family is independent even in your absence
In an unfortunate instance of your demise before the maturity of the life insurance plan, your family gets covered by the insurance money. All the financial crunches gets eliminated with life insurance, since the death benefit gets forwarded to your family to use it as they feel.
You can retire in peace
The biggest fear of people who are retiring is dependency on others during their old age. However, a life insurance plan that matures during the time of retirement gives senior citizens a timely support and keeps them in good stead.
Live your hobbies
When someone kick starts their career they generally postpone their passion and hobbies to earn adequate income for their family. However, the desire to live one's hobby does not die away with time. A life plan that matures in few years will surely help a person in accumulating enough capital to start an alternative career in his middle age
There are a plethora of benefits of buying life insurance plans in India, but very few take the initiative towards taking life insurance. A life without life insurance nowadays exposes your loved ones to future financial insecurities. Moreover, they would be forced to depend on others for you daily survival in your absence.