Life Insurance

Benefits of Life Insurance

  • Financial security and peace of mind for you and your family when you are not there to take care.

  • A lump sum amount will be paid to the family (beneficiary or nominee) in case of death of the insurer.

  • Tax benefits are given by the government and money received from the insurance company is tax free.

  • Double benefits investment along with life insurance there are certain plans which provides investment options as well.

  • Riders are used to customize the existing insurance plan according to the customers’ requirements.

Ravi Patel LIC
Ravi Patel LIC

Benefits of Child Education /Marriage Plan

  • Supports the Child in the Absence of Parent(s) – Insurance companies offer a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child education plan.

  • These plans are helpful for getting loan for your child’s higher studies.

  • Income Protection for the Child- If parents are not present to pay the premiums, certain child savings plans offer children with a regular income that is equal to 1% of the total secured.

  • Tax Benefits- All child plans fall under the highest bracket of tax exemption i.e. E-E-E category. This is the highest grade of tax benefit accorded by the Indian Tax Laws to schemes like PPF.

  • Corpus for Child’s Education- A child plan helps you save enough for the coming times

Ravi Patel LIC retirement

Benefits of Pension Plan Insurance

  • Premium can be paid in lump sum, monthly, or yearly according to the will of the insurer.

  • Pension money can be received either monthly, quarterly, half yearly, yearly, or lump sum. So you are not dependent upon anyone when you are not earning.

  • Tax benefits are given by the government and money received from the insurance company is tax free.

  • Double benefits it acts as a retirement plan as well as an investment plan.

Ravi Patel LIC retirement

Need Best Insurance Advice? Than You are @ Right Place

What Our Clients says?

Our Clients

Menu