Insurance

Why should one buy Insurance?

Insurance is an effective risk management tool that protects what is precious for us – life, health, home, businesses etc. The requirement of insurance may vary from one individual to another, but there are certain types of insurance products that are must-have for every individual for ensuring a secure future.

Types Insurance

Life Insurance

• Term Insurance
• Endowment Insurance (Guaranteed Returns Plan)
• ULIP Insurance

General Insurance

• Health Insurance (Mediclaim),
• Motor Insurance
• Personal Accident
• Travel Accident

Features of Insurance

• Cover against Uncertainties
• Cash Flow Management

Benefits and importance of insurance

• Provides peace of mind
• Promotes risk control
• Promotes economic growth
• Distribution of risk
• Helps to get loan easily
• Inculcates savings habit
• Provides tax benefit under section 80 C (Life Insurance) & 80 D (Mediclaim)