What is investment insurance?
Investment insurance is a financial product that combines the benefits of insurance and investment.It protects your loved ones financially in the event of an unfortunate event and at the same time helps you grow your money.
Investment insurance plans can be ideal for all ages and throughout your working life. An investment insurance plan is a one-stop solution that helps you achieve your long-term financial goals, such as buying a home, starting a business, achieving financial independence in retirement and more. It allows you to live stress-free and protect the needs of your family. Investors life insurance
They offer distinct benefits and meet your financial needs. Here’s how: With an insurance policy, you get a life insurance policy that financially protects your loved ones in the event of an unfortunate event. It offers your dependents a fixed amount in such a situation.
By investing in market-linked instruments, you can earn a return on your money. Your money is invested in the stock and bond markets and earns you a return. These returns can help you achieve your financial goals.
Unit-linked insurance offers the benefits of both insurance (through life insurance) and investment (market-linked returns). It provides a guaranteed life insurance amount in the event of an unfortunate event while helping you grow your money and generate returns for your financial goals.
Why should you consider an investment insurance policy?
Financial security Investment insurance provides financial protection so that you and your loved ones can enjoy a secure life. It protects your financial future and gives you peace of mind by protecting your loved ones no matter what! Investors life insurance
Double benefit through investment and insurance These plans combine the features of insurance with investment opportunities. This way, you can protect yourself with life insurance# while increasing your assets for future goals.
Emergency and leisure funds, both With investment insurance, you have a life insurance policy that protects your loved ones in the event of an accident. In addition, the proceeds from the plan can be used to meet your financial needs and goals. You can use the money to buy a home, travel, pay for your child’s college expenses and more. You can also set it aside as an emergency fund for unforeseen expenses.
Systematic records^ Some investment insurance policies offer the option of receiving regular payments. You can opt for systematic withdrawals and thus create a regular source of income.
Tax Benefits Since these plans contain a life insurance component, they are tax-advantaged under the Income Tax Act, 1961.1.5 lakh on the premiums paid under the policy as per the conditions of Section 80C of the Income Tax Act, 1961. The withdrawal conditions are also tax-free under 0-1D.
What are the main features of investment insurance plans?
Given below are some of the important features of an insurance investment plan: Insurance Coverage The plan provides a high level of compensation to your loved ones, thereby ensuring their financial security in the event of an unfortunate event. An insurance investment plan offers life insurance# for a specific period of time.
Long-Term Wealth Creation With an insurance investment plan, you can build wealth over time. Your money stays invested in market-linked funds that have the potential to generate high returns. You can customize the plan to meet your financial goals, including your child’s education, retirement planning, and more. Investors life insurance
Flexibility in Premium Payments Insurance investment plans are flexible when it comes to premium payments. They offer many options such as monthly, quarterly, semi-annual, and annual payments to ensure they fit your budget. click for more
