9 Reasons Why Investing in Life Insurance is a Good Idea
Investing in a Life Insurance is one of the wisest decisions one can make. It ensures your future is safeguarded and protected. Mentioned here are top nine reasons why investing in a Life insurance is a good idea-
Security and Assurance-It offers security and assurance to your loved ones. It's the most important aspect of investing in an insurance policy.
Helps with paying debts-If you have debt that you still need to pay, life insurance guarantees that your debts will be paid. Nobody wants to burden their families with loans and buying a life insurance policy ensures that is taken care of. Be it a property loan, a personal loan, a credit loan or any auto loan, the insurance policies that you buy will help repay these debts.
Retirement Planning-A pension plan helps you in enjoying income even after you retire.
Long term plans and dreams-Using the money from your life insurance you can always fulfill those lifelong hopes, dreams, and plan. You can open up a small business after retirement or maybe buy yourself a house using this.
No business worries-Life insurance apart from benefitting your family and your personal plans is a great way for your business too. There are various kinds of insurance policies like the term insurance, which lets you have protection for a fixed term and the benefits are paid during the event of your death.
Helps you with tax savings-You can save a lot of tax by investing in a Life insurance policy. This is one of the biggest reasons of why people invest in the plan.
A Savings tool-There are various policies, which will benefit you when you invest in them as early as possible. Hence, it is imperative that you buy such policies early in life. As you pay the premium, the extra money is accrued in the form of a cash value. You can borrow this cash or sell it against a policy or take out your income from it.
Begin as early as possible-The earlier you invest in a life insurance policy, the better. When you are young, your premium will be low but cover will be high.
Helps to buy various options-Life insurance helps you get great deals and profits through a vast number of policies. As you invest in those policies and finish the term, you get the benefits of it. Therefore, it is an instrument, which helps you invest for a long time and achieve your goals later on.
HDFC Life has smart Life insurance policies to help you make the right choice for your future.
Income Tax Slab 2021-22
February 17, 2020
Income Tax Return Guide - Details You Should Know
November 07, 2016
Best Tax Saving Investment Options in 2022 (FY 2022-2023)
November 08, 2016
Subscribe to get the latest articles directly in your inbox
14 Best Investment Options In India
October 30, 2018
Short Term Investments: Top 11 Short Term Investment Options For 2022
November 08, 2016
Insurance vs Investment - Did You Get the Right Financial Plan?
November 05, 2018
Popular & Recent Articles
How to Plan for Retirement as Per your Age
"The thumb rule for retirement planning is - the earlier you start, the more you save. However, with age, your priorities change too. So, you need to factor in the cost of living in the present vis- a -vis future."
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: [email protected], Tel No: 1800-266-9777 (10 am to 7 pm). The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
|BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS