Term Insurance Policy: Diwali is a festival of unity and celebration. Our whole country celebrates it in its communities and religions. However, one thing remains the same for all. This is to give gifts to loved ones. Diwali is a time to thank your loved ones and your responsibility for their care. Try something different this Diwali and give your loved ones the protection of a long term insurance policy. People are spending money on new clothes, jewelry, gifts and more, so why not save money for your family’s future. When you purchase term insurance for yourself, you are directly securing financial protection for yourself and your family’s future. Your wife, your children, your parents, your siblings and so on can come into the family. There are many benefits of term insurance.
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Term insurance will provide immediate financial support to your family in the event of an accident (emergency). It’s not short term needs but long term needs like your children’s education, elder care at home or any other responsibilities will be taken care of.
It pays off your financial debts
You may have loans or EMIs to pay and misfortune may result in those debts being paid by your family members. Term insurance will give your family the financial stability you need to pay off these bills by choosing a lump sum and lump sum payment option or monthly payments.
Extra Passengers to the Rescue
Term insurance allows one to add additional riders at an additional cost. Term insurance riders are add-ons or attachments that can provide you with additional coverage and increase the benefits of the policy, protecting you from many complications. Some policies offer patients with serious illnesses, which protect you from such emergencies.
Tax benefit under section 80C
Term insurance plans also offer tax benefits. The premiums you pay for a term insurance plan are tax deductible. The payments are tax-free under existing tax laws.
buy health insurance
Also, you should purchase health insurance for all members of your family to cover them in case of any emergency. There is no better gift than protecting and safeguarding the future of your loved ones, and what better time than Diwali to show their worth.
New introduction of SBI General Insurance
Recently SBI General Insurance has connected with WhatsApp for buying new insurance policies, renewing existing policies and other insurance messages through WhatsApp. The service related to buying insurance from SBI will now be available on WhatsApp for all customers across the country. If you are a customer of SBI Insurance or thinking of buying insurance from SBI, let us tell you about this new service.
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Give the gift of term insurance to your loved ones on Diwali and let them know why it is important
You may have loans or EMIs to pay and misfortune may result in those debts being paid by your family members.
Article first published: Sunday, October 23, 2022, 16:26 [IST]