What are Protection and Savings Plans?
Protection and Savings Plans are life insurance plans that combine the benefits of a life insurance cover and investment. So, in addition to securing yourself and your family, you also create a corpus to meet your financial goals at every life stage. Most protection and savings plans usually offer you a fixed amount as Maturity Benefit when the policy ends. But some specific plans also help you create a regular stream of income throughout your policy duration. So regardless of the life stage you are at, and what your financial goals are, investing in a protection and savings plan that suits your needs is the right step forward.