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Final Thoughts
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Glossary
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
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Popular Searches
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Popular Searches
Life Insurance for Seniors Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Key Takeaways
Riders enhance your policy with extra coverage for critical illness, accidents, etc. Tax benefits under Sections 80C and 10(10D) help you save more. Regular income payout options support your family’s everyday expenses in your absence.
Features of Life Insurance Plans
Riders: A rider provides an enhanced amount of coverage to the policyholder and can be availed along with their insurance policy at a nominal cost. Some of the most popular riders are Accidental Death Benefit , Accidental and Permanent Disability Benefits, and Waiver of Premium.
Types of Life Insurance Plans
Unit Linked Insurance Plan (ULIP): Unit-linked insurance plans give life coverage as well as an opportunity to invest and earn returns. Thus, ULIPs provide you with dual benefits of both insurance as well as investment in a single product. Here you can choose to invest amongst the variety of funds offered according to your preference and risk-taking ability. The returns here are linked to the market. ULIPs also give you the option to withdraw regularly after the lock-in period.
Types of Plans:
ULIP: This unique type of plan offers life insurance benefits along with an investment component. It is highly flexible in nature. Thus, life insurance has something for everyone. Once more individuals are made aware of the multitude of features and benefits that life insurance plans have to offer, the insurance penetration rate in India is sure to grow in leaps and bounds.
Additional Benefits of Buying the Best Life Insurance Plan
Tax Benefits: Life insurance policies provide you with tax benefits as well. You can avail of a tax deduction of up to ₹1.5 lakh on the premium paid by you under Section 80C of the Income Tax Act. This helps lower your taxable income. Also, the maturity amount can be tax-free under section 10(10)D of the Income Tax Act. Thus, life insurance provides 2 major tax deductions.
Why Should You Have a Life Insurance Policy?
Tax Savings Benefits : One of the key advantages of life insurance is its tax benefits . Under Section 80C of the Income Tax Act, premiums paid for life insurance policies are eligible for deductions, reducing your taxable income. Additionally, the maturity or death benefits received are often tax-free under Section 10(10D). This makes life insurance not just a protective tool but also a smart tax-saving instrument.