Published on 30/10/2020 4:22:18 PM | Source: PNB Metlife

Secure your family`s future along with benefits on tax savings

Posted in PNB - MetLife - CLASSROOM| #pnbmetlife #financialgoals #lifeinsurance #financialplanning

A Term insurance is the most basic form of security that you can provide your family with, along with the benefit of making tax saving investments. The easiest form of Life insurance, a term plan is a no-brainer when it comes to providing financial security to your family.

An online term insurance provides pure risk cover, with relatively low premiums. In case the policy holder expires over the policy term, the fixed sum assured is paid to the beneficiaries as a payout.

There are several positive features in a term plan which makes them really useful while planning financial security of your family. You can also include a rider to your term plan. So, if the policy holder opts for a critical illness rider, he is liable to receive a pre-determined sum on being diagnosed with critical illness. It is in addition to the death benefit of an equivalent amount if he expires over the term of the policy. Similarly, there are other riders like accidental death cover, accidental disability cover, among others. If you are wise enough to go for an online term insurance, PNB MetLife provides comprehensive protection through the MetLife Mera Term Plan. This covers your child’s education in case you are not around in the future. Thus, one can easily secure their family’s future with benefits of tax savings while making tax saving investments online using a tax saving calculator to make the estimates within your budget


The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

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