Which Life Insurance Is Best
Life Insurance is a mutual legal agreement between the policyholder and the insurance provider where the insurance company promise to pay a sum of money to the nominee in return of a premium, In case of any causality or misshap occurred with policy holder.
Apart from financial protection, people are attracted to life insurance as it is eligible to get the tax deductions under section 10(10D) and section 80C of the Income Tax Act 1961. That’s just a sneak peak in the story of life insurance, In order to dive deeper, lets move on to the type of policies we have.
Term Life Insurance
Term Life Insurance policy is the purest and highly cost effective form of life insurance policy.
Whole Life
Whole life Insurance is a form of Insurance Policy that covers you for 99 Years.
Term Life Insurance Policies
Term Life Insurance is the most cost effective form of life insurance. This type of life insurances provides financial protection to the nominee on case of policyholder dies in between the policy term duration.
Term Insurance policy provide high life cover at lower premiums, For example Premium of 1 Cr Term Insurance cover could be as low as Rs. 490/ p.m. These fixed premium can be paid at once or at regular intervals for the entire policy term or for the limited period of time.
Benefits
There are several benefits of buying a term life insurance plan and one of the most important aspect is that your family is depending on you other then this it also helps you to give a protection to your assets. In the era of risky lifestyle, it will also help you to give a solidity to your family in terms of any mishap occur with the policyholder.
Find the below Benefits.
- It cover you against critical illness.
- Additional Security.
- Tax Banefits.
- Support you in case of any disability.
Who should buy a Term Insurance Policy?
Anyone with financial dependents should buy a term life insurance policy. This includes young professionals with dependent parents, married couples, parents, businessmen, self-employed and SIP Investor etc. Life insurance premium are deductible from taxable income under section 80C and hence carry a double benefits for taxpayers protection and tax-savings. Term Insurance also has among the lowest premiums among the different type of insurance policy. Below Individuals will get a handsome benefits consider buying such policies.
- Newly-Married.
- Working Women.
- Young Professionals, and
- Self-Employed.
Whole Life
A whole life insurance is a form of life insurance policy that covers you for 99 years. They are different from ordinary insurance policies which have a defined term to say 10. 20 and 30 years.
You mist choose whole life Insurance if you have a financial dependents for a relative long time period, possibly for your entire life, For an example children with special needs or a dependent spouse.
Features of Whole Life
Whole Life Cover
The policy will cover you for 99 years which help protect your family for an extended period of time.
Level Premium
Your premiums remains fixed for the entire term of policy which helps you to plan your expenses accordingly.
Tax Saving
The insurance premiums are tax deductible up to 1.5 lakhs under section 80C and section 10 (10D).
Getting An Life-Insurance Quote
Are you looking for a best life insurance for you? Please follow the below mentioned steps and get your life insured with the lots of benefits in affordable prices.
The Insurance Quote Process
1.
Fill Get a Quote Form.
Fill get a quote form down below and share us your expected requirements and we will help you accordingly.
2.
We will communicate to you
Our experienced team will go through with the details once we received a form and communicate with you on that.
3.
Get Information related to policy and discounts.
We will provide you the information of best available policies as per your requirements along with the discounts available on the same.
4.
get a quote
Get a best policy in unbeatable prices.
With the help of our experienced team, we will provide you the list of brands as per your requirements at affordable prices.
Advantage of GenLife Insurance
At GenLife Insurance, we take care of many a things which needs to be delivered to our customers. We always give more emphasis on the right and best policy needs to be given to customers having all the required benefits in the best prices along with the best after sales services and a variety of big brands etc.
Maximized Savings
We understand our customers, hence our priority is to provide a policy which fulfills all your requirements in best prices in order to save money.
Quality Coverage
GenLife Insurance is tied up with the genuine and best brands available in the Insurance world which help us to provide you quality coverage only.
Claim Assistance
Whatever the insurance policy you have adopted from us, we make sure that you will get the best claim assistance from our end.
Personal Support
Whether the Insurance policy person is available or not, but you can only expect the stand out support from our end all the time.
Explaining your coverage
We always make sure to explain each and every aspect of the policy which you are going to take which helps you in future.
Finding discounts
At GenLife Insurance, We always make sure that you will get the best policy in a handsome discounted price along with unmatched services.