Here are salient features that will continue to be keep Life Insurance attractive
1. Life Cover
Life insurance provides the invaluable benefit of financial protection to your loved ones in the event of your untimely demise. It offers a lump-sum payment, known as the death benefit, to the policyholder's beneficiaries. This amount ensures that your family can maintain their current lifestyle, pay off debts, and take care of future expenses, such as education and healthcare.
2. Long-term Savings and Wealth Creation
Life insurance policies, particularly endowment and unit-linked insurance plans (ULIPS), can be powerful long-term savings and wealth creation tools. Policyholders can grow their wealth by investing in diverse market-linked instruments, such as equities and bonds, through ULIPS. Endowment plans, on the other hand, offer a combination of insurance and investment, allowing policyholders to save systematically over time and receive a lump-sum payout upon policy maturity.
Diese Geschichte stammt aus der May 2023-Ausgabe von Investors India.
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Diese Geschichte stammt aus der May 2023-Ausgabe von Investors India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
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