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With life insurance you can save for your family’s future in case you are not able to do so, also you can use the life insurance plan for your mortgage. Life insurance policy benefits can be used to help pay for final expenses after you pass away. This may include estate settlement costs and other unpaid obligations. This type of insurance does not acquire any surrender or maturity value. Insurance premium has according income tax relief benefits.

Life Insurance

It can be offered either as a Basic Plan or as an additional benefit (attachment) to one of the other Basic company life plans. The insured pays a specific premium, and in case of death the legal heirs receive the insured amount. This type of insurance does not include redemption.

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