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)
Note :
For NRI Customer kindly click here for the further information.
