An agreement or contract between an insurance company and a policyholder is defined as life insurance. In exchange for a premium, the insurance company agrees to pay a lump sum amount of money if the insured dies unexpectedly or after a certain period of time.
Every parent prioritises their child above all else. A child's development necessitates meticulous financial planning, and the sooner one begins, the better. A CHILD PLAN comes into play in this situation. It is the ideal financial plan, investment strategy, and policy for your child because it ensures that he or she will be able to complete their education and have a stable future. It ensures that the youngster obtains all financial assistance necessary for his entire development during his growing years.See More
Health insurance covers your medical bills and limits your out-of-pocket payments up to the insured amount. A health insurance policy assures that you can receive cashless care at a network hospital, with most health insurance policies covering 30 days and 60 days pre and post hospitalisation, respectively. Additional benefits like as Personal Accident (PA) Cover, Critical Illness (CI) Cover, and others can be added to the Base Health Insurance Plan to increase its value.See More
GHI, or group health insurance, is a type of health insurance that covers a specific group of people, such as firm employees or members of an organisation. Accidental hospitalisation, COVID insurance, daily hospital benefit, critical illness cover, maternity coverage, and other insurance covers are commonly included in this health insurance policy, often known as business health insurance policy. With the steady rise in medical bills, a Group Mediclaim coverage is the ideal method to safeguard your employees and their families.See More
Anyone with financial responsibilities should purchase Term Insurance. This includes married couples, parents, business owners and self-employed individuals, SIP investors, young professionals with dependent parents, and even retirees in some situations. Premiums paid for life insurance are deducted from taxable income under Section 80C, providing a two-fold advantage to taxpayers: protection and tax savings. The sum (maturity value) received from a term insurance policy is also tax-free, subject to certain restrictions set forth in Section 10(10D) of the Income Tax Act of 1961.See More