The insurance provides safety and security against the loss of earning at death or in golden age, against the loss at fire, against the loss at damage, destruction or disappearance of property, goods, furniture and machines, etc.

The security banishes fear and uncertainty thereby stimulating more work and helps you focus on job at hand.

The insurance will provide adequate amount to the dependents at the early death of the property-owner to pay off the unpaid loans. Similarly, the mortgagee gets adequate amount at the destruction of the property.

Life today is full of uncertainties; in this scenario Life Insurance ensures that your loved ones continue to enjoy a good quality of life against any unforeseen event.

Life insurance provides both insurance and saving unlike property insurance where only protection element exists.

• Systematic saving is encouraged as regular premiums are required to be compulsorily paid.
• Since premium paid cannot be withdrawn before expiry of the term, it helps increase saving and utilise at the golden age.
• The insurance will pay the policy money irrespective of the premium deposited in case of uncertain event, thus, provides the wished amount of insurance.

• Endowment policies, multipurpose policies, deferred annuities are certain better form of investment. The elements of investment i.e., regular saving, capital formation, and return of the capital along with certain additional return are perfectly observed, in life insurance. The beneficiary of the policy-holder can get a regular income from the life-insurer; if the insured amount is left with him.
• Insurance policies carry a special exemption from income-tax, wealth tax, and gift tax and estate duty. Below are the few of the tax benefits along with sections permitting tax relief as provided under life insurance plans:

Life Insurance not only provides for financial support in the event of untimely death but also acts as a long term investment. The needs of a person are divided into:

• Family needs
• Old-age needs
• Re-adjustment needs
• Special needs

You can meet your goals, be it your children’s education, their marriage, building your dream home or planning a relaxed retired life, according to your life stage and risk appetite.