Life Insurance Plans - Secure Your Family and You

Life insurance is a lawful contract between you and the Insurance Company to protect your family’s future in case of your unfortunate demise. It offers a prearranged sum to the recipient during the agreement time. These days, it also works as a means to plan efficiently about your future investments, your child’s schooling requirements etc. As a result, despite covering your life; it is a useful tool to add to your funds.

Benefits of Life Insurance Plans

• Casualty Help: First of all, the life insurance offers help next to the risks of your life & offer your family or contender the assured sum or coverage in case of your ill-timed demise.
• Survival/Maturity Advantage: Except for the plain demise benefit you moreover acquire the maturity or continued existence benefits in which you acquire the sum guaranteed plus the profits at the time of maturity, there is also a choice of intervollic withdrawals of your invested sum.
• Savings & Investment Plans: Except for the life cover, the life insurance also has prospects of offering an automobile for investments & saving for your upcoming requirements. By means of diverse plans like simple endowment plans, whole life plans, you have the choice of saving for your retirement through retirement plans or saving for your kids forthcoming requirements by investing in child savings plans, in which you can invest your money conditional on your risk profile.
• Income Tax Benefit: You can save income tax upto Rs. 1 lakh on Premiums compensated for Life Insurance Plans in Section 80C.
• Riders: The riders are unique benefits given to the policy owners, besides the life insurance cover, in which you are charged with some additional premium e.g., disability income rider, accidental death rider etc.
• Premium imbursement choice: You have the choice of paying premium annually, quarterly, monthly & you in addition have the alternative of single time premium payments, where you have to compensate one time.
• Finance Choice: In a number of life insurance polices you can also take loan in opposition to the polices, Your eligibility for the loan sum counts on the kind of policy, the premium sum, the time of the policy and the number of years you have paid premium for.

The top rising life insurance company in India is MetLife. They have a range of products which suits for all and assures the financial protection. It is the ultimate solution which helps in securing ones future financially. Though many feel that, getting a life insurance policy is a thing which needs to be taken care of in the older ages, however one forgets that death does not inform before coming. The modern day lifestyle offers higher levels of stress and tension which may lead to happening of an unforeseen event at any time. This further highlights the importance that a life insurance. Visit online - www.MetLife.co.in