Have you ever thought what would happen if your monthly income suffers a setback? Well, in this case you need not have to worry at all as policybazaar.com helps in finding the best solution for you. Get to choose insurance monthly income online. Choose from the monthly income ranging from a very low price that you have to pay per month. So make a good decision which one would you wish to invest. You can get guaranteed monthly income for a period of 15 years that helps you to remain tensed free. Also obtain the best life cover and tax benefits.
You can find different insurance providers where you to make the best decision and so on. Thus depending on your amount that you wish to get as your monthly income, you would get the best plan for you. You can have a look at the sum assured and the maturity benefit and the annual premium that you wish to make. So in this way have a good idea on the different insurance monthly income for you. You can also look at the product details and if you find it the best that fits all your requirements, buy it online without any worries. Make the best decision to get the one that would help to satisfy all the requirements.
What is Monthly Income Plan?
Monthly Income Plan is a form of life insurance wherein the insured pays regular premium throughout the premium paying term at the end of which he/she starts receiving regular monthly payouts till the end of the policy term.
Why Monthly Income Plan?
MIP is particularly beneficial for those looking to assure their family of a regular monthly income in case of untimely death. Not only the insured gets a risk cover and guaranteed returns, but also the annual reversionary bonus at the maturity. Moreover, the monthly income so received is tax free.
On what factors does the premium depends?
That depends on the regular monthly income you are planning to get at maturity. The higher income you are looking at, the higher will be the premium.
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