Life is unpredictable. So it is important to ensure that your family and loved ones are taken care of financially in case something should happen to you. This is where Life Insurance comes in. It can provide some financial peace of mind if the worst were to happen.
As the name suggests, Life Insurance secures your life from financial losses, which occurred due to the unexpected or premature death of the insurer. In life insurance, the insurer pays a fixed amount of money in the form of a premium, to the insurance company. In return the insurance company promises to pay a certain sum of money to the family or legal heir of the insurer, on his death or mis-happening. The money the company pays depends upon the contract and premium paid by the insurer. At VittMantri we help you to accurately identify your Life Insurance needs.
Thinking about why you need life insurance can be an emotional and stressful task. However, life insurance is one of the most responsible decisions you can make to help ensure that your spouse, children, or other loved ones can continue to enjoy the quality of the life they deserve.
Life Insurance provides life cover to the policyholder, for securing adverse financial consequences or death of the insurer. It may be in the form of critical illness, partial or total disability.
Life Insurance provides secure future to the family of the policyholder, in case of his uncertain death. In case of death, the insurance company pays the full amount (amount + bonus) to the beneficiary.
Under section 80C of Income Tax Act, Life Insurance premium amount is deductible up to the limit of Rs. 150000.
Most Life Insurance policies (Endowment / Moneyback) give bonus amounts along with the actual amount at the time of maturity.
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Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments.
AMFI Registered Mutual Fund Distributor – ARN-165293 | Date of initial registration – 13-Aug-2019 | Current validity of ARN – 12-Aug-2028
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