In life, most of the decisions that we take are based on thorough research and analysis. Then why is it, that when it comes to life insurance we make decisions only at the time of paying tax? Tax saving is an important and value-added benefit that life insurance provides to us. However, the main objective of these is to secure the future of the individual’s family in case of the death of the person. A life insurance is one of the many savings, whose benefits that people avail, mainly during the tax season. It has been listed under Section 80C of the Income Tax Act in the constitution. Investments up to Rs. 1 lakh are eligible for deductions under this section.
Aviva Life Insurance: There are many private funding firms that provide life insurance to individuals. One of these is Aviva Life Insurance. It provides a wide range of protection plans for its customers. There include Aviva LifeShield, Aviva LifeShield Plus, Aviva i-Life, and so on. Each insurance product comes with various added features, riders and benefits. For example, the Aviva LifeShield Plus provides riders as a means of protection during medical problems; Aviva LifeShield Advantage provides not only an insurance plan but also an additional protection against any kind of disability due to an accident, maturity benefits on completion of the insurance cover, and health riders, and so on. All these products provide wide possibilities to save tax and also secure your family’s and own future.
SBI Life Insurance: One of the leading public sector banks of India or SBI is a leading provider of life insurance products, under the name of SBI Life Insurance. Just like any other dealer of life insurance, SBI also has a large catalogue of life insurance products. They provide SBI Life e-Shield, SBI Life – SmartIncomeShield, SBI Life – Saral Shield, SBI Life – Smart Shield, and so on. All of these protection plans are term plans which provide a varied list of advantage. One of these, SBI SmartIncomeShield provides a pure term insurance plan and helps you secure the future of your family against death, life – threatening illness or even disability.
The customer is given a wide range of choices from which they can select a Term Life Insurance, whichever is suitable for them.
There are many other leading banks and insurance companies that provide the client with an option to avail life insurance online. All of the leading insurance providers have their own active web portal online from where the prospective client can compare, apply online and get the insurance approved.