Financial support after death
Surviving in the absence of a loved one can bring many hurdles. Religare’s Life Insurance offers financial assistance to the grieving family and allows them to live an economically stable life.
At an additional cost, you can get health cover along with your online life insurance plan. This will secure you against the expenses of critical illnesses, accidents, hospitalisation, etc.
Guaranteed sum assured
In the unfortunate event of loss of life, the insurer pays a guaranteed sum assured to the nominee. This allows you peace of mind, knowing that your nominee will receive the necessary funds to continue their life with dignity.
Life insurance premium can be used as a tax-saving tool. You can claim deductions on up to Rs. 1.5 lakhs in a year under Section 80C of the Income Tax Act of 1961.
Possibility of loans
Some of the traditional insurance plans offer the option of taking a loan against the policy. If you are ever in need of some financial assistance, you can borrow money from your insurer.
Life insurance plans can also double up as savings plan. They promote long-term savings and allow you to build a significant corpus over time.