Save tax under section 80C
Some may say that Death is the next greatest adventure, but still it's an adventure one usually experiences alone. In such a case, the least we can do is ensure that our loved ones are left financially secure. That's where the idea of a term insurance plan comes in, so that worries about your family's future don't.
The sum assured is paid out in one whole 'lump sum' to the nominee of the policy.
A percentage of the assured sum is paid in monthly instalments from the first month of the death.
Most financial advisors recommend term insurance to cover your family against the biggest risk: death.
Younger people are charged less. So, pay the same amount in annual premium throughout the policy term.
Get policy cover of as much as 2000% of your annual salary for premiums as low as 2% of your annual salary.
The annual premium you pay can be a part of your tax investments under section 80C.
At Coverfox, you can compare term life insurance plans from insurers with best-in-class claim settlement ratio of above 90%. This ensures security to your family when they would it need the most.
We give you assurance of finding the best possible cover at the right price. In fact, you can get a term cover of as much as 20 times of your annual income at premium as low as 2% of your annual income.
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