You can increase the lump sum payable in case of unfortunate demise up to twice the amount under Life Option1
You can get back all the premiums you have paid2, in case of survival till maturity
You will get an option to choose additional cover for your spouse3
Health insurance policy also offer tax benefits under relevant section of income tax act.
You can get protection against accidental death4 and disability5, critical illnesses6
You can increase coverage amount during major life events7
Accidental Death Benefit Accidental Death Benefit Will Be Extra Pay-out In Case of Death Due To Accident.
Early Exit Option Get Back Your Paid Premiums as Early Exit Value (After You’re Need for Cover Is Over)
Premium Holiday This Option Helps You To Skip Your Premiums For 1, 2 Or 3 Years During The Premium Payment Term.
If Accidental Total Permanent Disability / Terminal Illness Is Diagnosed, Premiums Are Waived Off During The Policy Term.
Tax Benefits Available On What You Pay & What You or Your Family Receive, As Per Extant Income Tax Act
Life insurance is a contract between Insurers and an insurance company. Insurers pay regular premiums, and in exchange, the insurer provides a payout (death benefit) to your beneficiaries when Insurers pass away.
Anyone with financial dependents, such as family members or business partners, should consider life insurance to provide for their loved ones in case of casualty.
The main types include term life insurance, whole life insurance, universal life insurance, and variable life insurance. Each has its own features and benefits.
The amount of coverage depends on Insurers financial obligations and goals. It's often recommended to have coverage that's at least 5-10 times Insurers annual income.
Term life insurance provides coverage for a specific term, while permanent life insurance (e.g., whole or universal life) lasts for Insurers entire life and may include a cash value component.
Some policies allow for changes, but it's important to understand the terms and limitations. Permanent policies often offer flexibility, while term policies have fixed terms.
In most cases, life insurance proceeds paid to beneficiaries are not subject to federal income tax. However, there can be exceptions for large estates.
Yes, you can have multiple life insurance policies to tailor coverage to different needs. It's important to ensure the total coverage amount is suitable.
You can file a claim by contacting our customer service team, who will guide you through the process. We strive to make the claims process as smooth and efficient as possible.
At Noble Fintech Advisory, we strive to help you go beyond the expected. We don't just offer loans; we provide financial solutions tailored to your needs. Our commitment to transparency, excellence in customer services, our innovative loan products ensures that you achieve your goals with confidence.
217, Off B/2, Parmar Trade Center, 12 Cannaught House And Road, Pune, Maharashtra, 411001
