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Term Plan - कहते सब हैं लेता कोई नहीं|||



Why do you need Term Insurance?

  • Your family depends on you: The term insurance money can be used to meet your family’s monthly expenses and important goals like your child’s education.
  • Your assets need protection: You may take loans for assets like a house or a car. However, if something happens to you, your loved ones might be burdened with loan repayments. In such a situation, the term insurance payout which your family will receive can be utilized in paying off outstanding loans.
  • Lifestyle risks: Modern day lifestyle problems can lead to a host of ailments. Some term insurance plans don’t just protect your family after death but also during your lifetime by offering critical illness protection. This feature pays out on the diagnosis of certain critical ailments like cancer or heart attack.

अब देखते हैं कि क्या ऐसे फायदे हैं जो TERM PLAN से मिलते हैं -

  • High Life Insurance Amount at affordable premiums: Term insurance plans provide high life insurance cover. The cover compensates for several years of lost earnings and hence can be extremely high compared to the annual premium. With Term Insurance plans, a large amount of Life Cover comes at a small premium.
  • Tax Benefits: Term Insurance plans offer tax benefits^^ on premiums paid up to ₹1.5 lakh under Section 80C. New-age Term plans with critical illness cover also offer additional tax benefits on premiums paid up to ₹25,000 under Section 80D. You also get tax benefits^^ under Section 10(10D) on the money that your family receives in case of an unfortunate event.

चलो अब TERM PLAN चाहे जिस इन्श्योरंस कंपनी से लो पर ये जरूरी चीजों का ध्यान रखें और BEST PLAN खरीदें-

Claim Settlement Ratio: This ratio tells you how many claims for life insurance have been paid out as a proportion of claims made. The higher this ratio is, the better.

Solvency Ratio: Solvency ratio tells you whether the insurer you choose will be financially capable of settling your claim if the need arises. IRDAI mandates that every life insurer should maintain a solvency ratio of at least 1.5.







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