LONG TERM SAVINGS
Being uninsured jeopardises your family’s financial future. So, why is having a life insurance so crucial? Why invest in life insurance? Life insurance policies provide life cover and can act as a financial blanket to your spouse, parents and children in case of any unforeseen event. If you are the sole earner in your family, then it becomes imperative that your family is financially secure even in your absence.
So, if you are still thinking whether you should buy a life insurance, we list 3 compelling reasons for you to invest in life insurance.
Life insurance is a good investment option because:
#1: Gives your family financial security - Life insurance plans ensure not only financial stability but can also help your family if in distress. It can provide for your children’s education, and fulfil health requirements of your spouse and parents. Even marriage and day to day financial requirements of your family can be met with life insurance. During the need of the hour, financial worries can be kept at bay. Paying life insurance premium is a small price to pay for your family’s future benefits.
#2: Early start gets you lower premiums - The premium for life insurance is directly proportional to your age. The younger you are, the lower is the risk of payment by the insurance company, ergo lower premiums for your purchase. Also, once the premium is locked, it does not increase with your age. Thus, when you buy a life insurance plan at a young age you get to enjoy lower premium outflows for a hefty life cover. If you have dependents like children or old parents, then it becomes more important that you buy a life insurance plan for their financial security. And remember, life insurance coverage costs are much lower when you are young and single. So, buy life insurance at a suitable age to lock your affordable premium because your insurability is at its peak.
#3: Save on taxes - One of the critical reasons of investing in a life insurance plan is that you can also save tax. Life insurance policy provides dual tax benefits. The premiums you pay are eligible for a maximum tax benefit of Rs. 1.5 lakhs under Section 80C and the proceeds after death/maturity are tax free under Section 10D of the Income Tax Act, 1961. Life insurance plans enables you to do tax planning and preserve your financial resources for your family’s stability.
Life insurance policy is a tool for financial planning and helps saving regularly. So be sure to buy a life insurance plan and plan for your loved ones’ future.
To know more about Term Insurance browse the website for various Term Plans offered by PNB MetLife
Piyush Kataria, SEO Manager at PNB MetLife, is a seasoned digital marketing strategist with over a decade of experience in optimizing websites for search engines. His expertise extends to keyword research, content strategy, technical SEO, and link building, all of which have been instrumental in driving organic traffic growth at PNB MetLife. With a strong foundation in life insurance, Piyush leverages his industry knowledge to create targeted and effective SEO campaigns.
Sakshi Malhotra is a seasoned marketing professional associated with the Life Insurance industry since 2007. At PNB MetLife, she heads Digital Marketing and Direct to Customer line of business. She is responsible for driving effective customer engagement through the company’s website and social media channels. In addition, she drives customer online buying journeys to help them buy the right product.
Disclaimer:
The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.
PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203
EC305 LD/2019-20/316
BEWARE OF SPURIOUS/FRAUD PHONE CALLS!
• IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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As your trusted life insurance partner, PNB MetLife covers COVID-19 claims. In the event of a death claim, please submit a signed claim form mentioning the policy number, a brief description of the insured event, and all other mandatory claim documents to the email addresses provided below. You may write to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. For death claim intimation or any queries, you can also call us at 1800-425-6969 (for customers calling from within India only), Monday to Saturday, between 10:00 am and 7:00 pm.
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
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