What is Life Insurance?

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person or during a set period.

Why Life Insurance?

Life is full of uncertainties and no one can be sure of what tomorrow will bring. We cannot predict our future, but we can surely protect it by taking the right decisive step today.

A life insurance policy allows you to provide financial assistance and security to your family in case of any unfortunate adversities. An unfortunate, untimely demise of the sole bread earner of the family can cause severe financial distress for the family. While no amount of money can ever replace a person, life insurance creates the necessary peace of mind, knowing that the family will have the right financial support even after the principal breadwinner has passed away.

In addition, various life insurance plans today, include an element of saving with long-term investment options, that also provide various tax benefits under section 80C & 10 (10D) of Income Tax Act 1961.

Don’t let fear take away the joy out of your life. Get insured today!

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MKTG/ Blog Content for RNLIC Website/V1/May 2021

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