23 Apr, 2021 - 06:12 PM IST | By indiantelevision.com Team
Nothing can be better than a happy and healthy family that supports you throughout your life in every possible way. And, to reciprocate the love and acre, you would want to keep them financially protected. This is where buying
life insurance ensures financial protection for your family, when you are not around to take care of them.
Generally, life insurance is a contract between the insurance provider and the policyholder. Here, the insurance company provides an assured sum to the insured s family for the premiums paid over the years.
Image Source: Shutterstock
Parameters to consider before buying a ULIP
In a world full of uncertainties, it is crucial to have a financial plan that could secure your future. This becomes even more important in light of the events of the last one year which saw over 2.7 million people across the world succumb to the deadly Covid-19 pandemic. [1] Closer home, India has also seen over 11 million infections already with almost 1.6 lakh reported deaths. To make things worse, the cases of Covid-19 are again on a rise.
[2]
In the kind of a world that we live in, it is crucial to have a financial plan that can not only secure you financially, but also protects your family if you are not around. While the latter could be secured by buying a life insurance policy, the former goal can be achieved by long-term wealth creation.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Click 2 Protect Life by HDFC life is the answer. Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request.
6 tax-benefits of ULIPs that every smart investor should know about
A ULIP is an investment product that offers you the dual benefits of life insurance and market linked wealth accumulation. IMPACT FEATURE February 16, 2021 | Updated 14:20 IST
Bajaj Allianz Life Insurance
With just over two months left in the current financial year, it is that time when many of us sit back to determine our tax liability. It is time to check whether we have done enough to optimize our tax outgo and maximize our tax savings. More often than not, many people discover that there is still some room left to make those last minute investments in order to reduce their tax outgo. The reason that tax optimization is the smart thing to do is that it not only saves you some money in the present in the way of tax savings, it can also help you build wealth for your future financial goals if you choose the right investment instrument.