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why life insurance is important: Life Insurance Awareness: Important Reasons Why You Need Life Insurance : Life insurance is a great tool that will help your family in meeting their critical needs and lead a comfortable life even when you are not around Your spouse, children education and Marrige, are taken care of. It’s just as important to consider providing financial support for the future living costs of surviving dependents. After all, they will have to go on without you. Make sure they’re protected, too.
Life insurance can also be used in case of emergencies by requesting a withdrawal or loan.
Life insurance to make sure your retirement savings. Life insurance product and in return you get a guaranteed stream of income month after month, for as long as you live.
Life insurance Tax Benefits: Life insurance policies are a good way of saving tax too. Under Section 80C of the IT Act, many of the insurance schemes in India including the life insurance schemes offer tax deductions on Premium payments.
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How Much Life Insurance Should You Buy?: use 1x salary or 2x salary
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