How top 10 life insurance policies made me a better person
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How Top 10 Life Insurance Policies Made Me a Better Person Life insurance is one of the most essential financial tools required for almost everyone irrespective of their financial status. From the elite rich to average income earning common man, everyone needs a risk cover as a protection for their family and dependents in case of any mishap or unfortunate circumstances leading to their demise.
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Life insurance is one of the most essential financial tools required for almost everyone irrespective of their financial status. From the elite rich to average income earning common man, everyone needs a risk cover as a protection for their family and dependants in case of any mishap or unfortunate circumstances leading to their demise. Insurance plans are selected as per their risk covers, tax benefits and investment benefits depending on the overall financial outlook of the individual. As we end f the end of the financial year, a large number of users look out for the best suited insurance plan that can help them, save some tax while providing a protective cover as well. Let us look at the top 10 tax saving insurance plans in terms of popularity.For more details visit at http://www.bankbazaar.com/insurance/life-insurance.html
Transcript of How top 10 life insurance policies made me a better person
How Top 10 Life Insurance Policies Made Me a Better Person
Life insurance is one of the most essential financial toolsrequired for almost everyone irrespective of their financialstatus. From the elite rich to average income earning commonman, everyone needs a risk cover as a protection for theirfamily and dependents in case of any mishap or unfortunatecircumstances leading to their demise.
Top 10 Tax Saving Insurance Plans
1. ICICI Pru iCare II Term Insurance Plan2
2. HDFC Life Click2Protect
3. LIC’s Amulya Jeevan II
4. Kotak e-Preferred Term Plan
5. Aviva iLife Term Insurance
6. SBI Life - Smart Wealth Builder
7. HDFC Life Smart Woman Plan
8. Bharti AXA Life eProtect
9. ICICI Pru Guaranteed Wealth Protector
10. Max Life Shiksha Plus Super
ICICI Pru iCare II Term Insurance Plan2
• Popular life insurance plan offering a cover of Rs. 1 crore
• The annual premium to be paid by a 30 year old insurance policy older for 30 years comes to a nominal Rs. 12,506.
• Insured can include accidental death benefit in the policy plan if required.
HDFC Life Click2Protect
• Cover amount from Rs. 10 Lakhs to Rs. 10 crores
• The annual premium for a cover of Rs. 1 crore for 30 years for a 30 year old applicant comes to Rs. 11,910 under this plan.
LIC’s Amulya Jeevan II
A term insurance plan ranging from 5 years to 35 years offering a minimum sum insured of Rs. 25 Lakhs
Kotak e-Preferred Term Plan
• A popular term insurance plan with a step up option.
• The policy has a tenure range of 5 to 30 years.
Aviva iLife Term Insurance
Offers tax benefits under Section 80c while offering term insurance at low premiums.
SBI Life - Smart Wealth Builder
• A unit linked insurance plan offering users the choice to choose their plan from regular premium, limited premium to single premium
• The policy offers tax benefits under section 80c and section 10 D of the income tax Act.
HDFC Life Smart Woman Plan
• A ULIP designed for women customers offering users three benefit options.
• Get tax exemption under section 80 C of the income tax
Bharti AXA Life eProtect
A term plan with a maximum tenure of 30 years.
ICICI Pru Guaranteed Wealth Protector
A popular ULIP plan allowing users to choose to pay a onetime premium or premium up to a maximum limit of 5 years
Max Life Shiksha Plus Super
It offers maturity benefits equaling the fund value. Designed for kids, the policy offers tax benefits under section 80c.
