Buy Life Insurance Policy - Secure Your Future with Religare Broking

What is Life Insurance?

Life insurance is a tool that offers you cover for your life. Life insurance policies provide compensation to the nominee in case of loss of life of the insured person during the plan’s term. In order to claim this cover, a life insurance premium is paid to the company in a lump sum or throughout the tenure of the plan. There are several provisions (known as riders) under a life insurance plan that offer coverage against accidents, critical illnesses, etc. These can be purchased by paying an additional amount over the policy premium.

*Religare Broking Ltd having license number CA0581 is a Corporate agent with ICICI Prudential Life Insurance, HDFC Life Insurance



What are the benefits of life insurance?

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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.
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Health cover

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.
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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.
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Tax savings

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.
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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.
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Wealth creation

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.

Frequently Asked Questions

In order to buy a life insurance policy, you need an identity, age, address, and income proof.
It helps to pick a brand that is trustworthy and enjoys a good reputation in the market. The claim settlement ratio is one of the best indicators of a company’s performance. The higher the ratio, the better are the chances of your claim getting approved.
Death as a result of personal habits like drinking, smoking, or consuming tobacco is not covered under life insurance. In addition to this, self-abuse, psychological issues, death while enjoying an adventure sport like sky-diving, involvement in criminal activities, or overdose of drugs are also not covered.
The cost of life insurance can differ based on the plan you pick. It will also depend on your age and the duration of your policy. Term plans are generally considered the most cost-effective. However, the final cost of the life insurance premium can be determined using an online calculator.
Yes, riders like critical illness protection, accident or permanent disability protection, etc. can be added to life insurance policies at an extra charge.