Recomendados
Más contenido relacionado
Último
Último (20)
Destacado
Destacado (20)
Life insurance
- 1. Life Insurance Life Insurance Policies
- 2. What is life insurance Life insurance is financial coverage of someone's life. When someone dies, their life insurance will provide the appropriate funds to the family left behind.
- 3. Advantage of life Insurance Life insurance is a unique investment that helps you cover against both the risks of surviving old age without any visible means of support, through asset appreciation and premature demise, through asset protection. The core benefit of life insurance is that the financial security of one’s family remains protected from circumstances such as loss of income due to critical illness or the life assured’s demise. Life insurance is the only investment option that offers products customized to suit the varying needs of investors based on their life stage, ensuring that the financial goals of that life stage are met.
- 4. continue It allows ‘thrift’, that is, it allows long term savings because premium payments can be made through an easy installment facility. Premium payment can be monthly, six monthly and yearly. The best way to enjoy deductions on income tax and wealth tax is through life insurance. The deductions are available for amounts paid by way of premium for life insurance subject to the prevailing income tax rates.
- 5. Unit link fundamentals Unit linked insurance plans (ULIPs), provide for the benefits of risk protection and flexibility in investment. ULIPs helps you invest in different funds such as debt, equity, balanced or liquid, based on your risk profile in the proportion you want. The returns are based on market performance and are not guaranteed . It is a long term financial product for 15 years and above. The longer you keep saving the better is your accumulated wealth. It provides you the option to switch between funds, to optimize your returns.
- 6. continue You can choose to pay your premiums monthly/six monthly or yearly. You can also make a onetime investment by selecting the ‘single premium’ option. You also have an option of building your corpus through additional deposits. In case of any unexpected emergency, you can close your policy after five years, free of exit charge. However, it is better to pay your premiums regularly for a longer period, to gain the benefit of compounding. You also have the option of partial withdrawals.
- 7. Contact us IndiaFirstLife Insurance Company Limited 301, 'B' Wing, The Qube,Infinity Park,Dindoshi - Film City Road,Malad (East), Mumbai - 400 097.Board No. - 022 39418700Office Fax no - 022 33259600 Customer Care (Toll free) :1800-209-8700 Customer care: customer.first@indiafirstlife.com
- 8. Thank you