Why to buy insurance policy ?

Why buy an insurance policy?

There has a lot of leakages in our financial journey to fill one of your financial leakages is to do insurance.

There are

● Life insurance

● Health insurance 

● Car insurance

● Home insurance

What is life insurance?

The insurance is for your life cover.
Which makes your dependent person financially stable.

In this segment term plan is the best option
When you buying a term plan do some research on the bank and then the internet you can easily find some different than go and ensure buying the term plan as soon as possible.

If you buying the plan then make sure your family should understand the claim process when you doing such a Plan.

  HEALTH INSURANCE

It is the insurance that ensures financial stability in health issues to you or your family.
It comes with a family plan and a personal plan
Pick up the good one according to your need.
There are various options available now in the health segment ask you relationship manager about various plan understand those plan and then decide which is most suitable to you but make sure part must be cut your medical expenses during your bad emotional time.

CAR INSURANCE

 Now a day a lot of incidents happen due to less attention so a car owner must have an insurance plan for the car to stop his financial leakage.
To ensure your car is for this.
It covers your car accident insurance.
third party insurance.
It covers the natural claimant according to your need.

Home insurance

When you buy a home with a loan you can take home insurance which means if you not there then there is no worry to your dependent to pay the EMI.
There is also a part of insurance that covers the things and the home covered.
if There any loss happens then you could recover from the insurance company.

What tax Benefits on insurance?

Apart from the security, it helps you to demand tax Benefits

● Life insurance premium up to ₹1.5 lakh can be claimed as a tax-saving deduction under section 80(D).
● Medical insurance premium up to ₹25,000 for your own and for your family and ₹25,000 for your parents can be claimed as a tax-saving deduction under section 80{D}.

These claims have to be done at the time of e fill in the income taxes.

Always read understand digest and look WHAT is useful.

Accept the favorable and rejected the unfavorable.

Thanks for your time and consideration

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Insurance awareness