What is Life Insurance and how is it helpful?

Life insurance offers many benefits, which is why is it considered to be one of the most important financial tools for an individual. It gives you a chance to build wealth and provides your loved ones with financial security in your absence. Life Insurance also offers you different opportunities to invest while taking care of your retirement needs.

Read on to know more benefits of life insurance:

Why is life insurance a crucial part of any sound financial plan?

What are the advantages of Life Insurance?

There are various benefits of having a life insurance cover.

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How are life insurance plans suitable for your needs?

Life insurance fills financial gaps that exist in your lives. As an all-rounder product, life insurance can take care of your different financial needs at different stages of life. All you have to do is identify the need, and there is a suitable life insurance plan for you.

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Disclaimers

# In ULIPS, the investment risk in the investment portfolio is borne by the policyholder

^ Tax benefits under the respective policies are subject to conditions under Section 80C, 80D, 10(10D) and provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time.

* assumed rate of return. For the purpose of illustration, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get. As the value of the policy depends on a number of factors including future investment performance

W/II/0403/2019-20