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Insurance is an effective tool to help you create wealth as you plan for the future. Build your corpus by creating a financial plan that aligns with your future goals.
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Some factors to consider
- Determine your financial goals
- Choose the right plan
- Decide the amount of coverage
Determine your financial goals
Each life stage is different and your priorities change from time-to-time. It’s important to understand your short-term and long-terms goals and the time that you would take to achieve them. This in turn would help you understand the amount of cover you need to insure yourself with.
Choose the right plan
There are several unit linked and traditional plans with very specific needs available in the market. Each plan fulfills a different aspect of your life. It is important to choose a plan that suits the life stage you are at and will benefit you in the long-run.
Decide the amount of coverage
The most critical step in buying insurance is calculating the amount of coverage you require. You should avoid the mistake of under-insuring yourself as it will not serve the idea behind investing in an investment plan. As you grow older and your lifestyle requirements evolve, it would be wiser to protect and safeguard your family by getting adequate life cover.
What our Customers have to Say
"Your entire staff is very cooperative. You have a wonderful team who is always ready to help. My overall experience with IndiaFirst Life has been great."
Mayaben shah ( Baroda, 07 Feb 2018 )
- What should I verify before buying the policy?
Before buying the policy you should take into consideration –
- All deductible charges
- Features and benefits
- Other disclosures
- Does it help me in saving taxes?
Yes, you do get tax benefits on the premium as well as the maturity amount, under Section 80C and Section 10(10D) of the Income tax Act, 1961 respectively, subject to certain terms and conditions. Tax benefits available are as per prevailing tax laws and tax laws are subject to change.