Indianmoney CEO - Factors to Consider When Comparing Term Insurance
One form of life insurance, term insurance provides required risk protection. Here the insurers pay a lump-sum which is known as death benefit to nominee of the insured in case insured person dies within the policy term. Let us explore the advantages of buying term insurance plan. Why buy term insurance? – An Indian Money Review Financial Security | Coverage for Liabilities | Tax Advantage | Multiple Riders Financial Security As per IndianMoney.com review , the good thing about term insurance is that it helps in securing your family’s future in case something happens to you. Coverage for Liabilities The payment you receive from term insurance plan will help you in repaying your liabilities in time such as home or personal loan. Tax Advantage As a tax payer you will be getting tax deductions according to Section 80C on premiums that you will be paying. Moreover, death benefits received by nominee will be exempted from tax. Multiple Riders Riders refer to add o...