As a bicycle can be used for both exercise and transportation, you can enjoy financial security and investments when you buy a savings plan. With a Savings Product, you can plan for the short-term goals with disciplined savings & with the life cover built in the plan, you can also ensure there is a cushion in case something unfortunate happens in the long term.
So you get the best of both worlds - You save regularly, get guaranteed savings, and enjoy a life cover too. There are many different Insurance Policies and Plans available in the market, but all Life Insurance Plans in India broadly fall into 3 categories – Unit Linked Insurance Plans, Traditional (Savings Plans), and Term Plans.