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Advantages of life insurance

1. Risk cover- life today is full of uncertainties in this scenario life insurance ensures that your loved ones continue to enjoy a good quality life against any unforeseen event.

2. Planning for life stage needs-life insurance not only provides for financial support in the event of premature death but also acts as a long term investments. One can meet their goals be it your children's education, their marriage, building your dream home or planning a relaxed retired life according to your life stage and risk appetite.

3. Health covers – Life insurance offer Health insurance plans like protection against critical diseases and hospitalization expenses. This benefit has assumed critical importance given the increasing incidence of lifestyle diseases and escalating medical costs.

4. Builds the habit of thrift- life insurance is a long-term contract where the policyholder pays fixed amount at a defined period. This builds the habit of long-term savings. Regular savings over a long period ensures that a decent corpus is built to meet financial needs at various life stages.

4. Builds the habit of thrift- life insurance is a long-term contract where the policyholder pays fixed amount at a defined period. This builds the habit of long-term savings. Regular savings over a long period ensures that a decent corpus is built to meet financial needs at various life stages.

6. Facilitates loans without affecting the policy benefits-policyholders has the option of taking loans against the policy. This helps you meet your unplanned life stage needs without adversely affecting the benefit of the policy they have bought.

7. Tax Benefit- insurance plans provide attractive tax benefits for both at the time of entry and exit under most of the plans.

8. Growth through dividends- life insurance policies offer an opportunity to participate in the economic growth without taking the investment risk. The investment income is distributed among the policyholder through annual announcements and dividends or bonus.

9. Mortgage redemption- insurance acts as an effective tool to cover mortgage and loans taken by the policyholders so that in case of any unforeseen events, the burden of repayment does not fall on the bereaved family.

10. Assured income through annuities-life insurance is one of the best instruments for retirement planning. The money saved during the earning life span is utilized to provide a steady source of income during the retired phase of life.

11. Protection plus savings over a long term- since the policies is viewed by both the distributors as well as the customers as a long-term commitment, these policies help the policyholders meet wealth creation efficiently.

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