Prices Increasing soon Prices Increasing Soon

Multiple Benefits of Insurance Policy

Life is precious and hence getting insured is imperative. But there's much more to insurance than just providing a death benefit. Insurance offers a plethora of benefits to the insured.

Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
  1. Risk Cover

    The most obvious benefit of insurance is that it gets the insured a substantial financial cover against the possible contingencies in life. Getting insured is the best way to ensure the financial well being of your loved ones, even when you are not there to care or look after them.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
  2. Investment

    The seasoned investors often look insurance as a form of investment where you get the dual benefits of coverage and savings. Insurance as an investment may not yield returns as efficiently as conventional investment instruments do, but it keeps the capital intact and provides sufficient growth so as to combat inflation. As a matter of fact, some forms of insurance have been revamped in a way so as to help the insured in future financial planning, thus fulfilling his specific investment objectives such as term return of premium and child plans.

  3. Tax Benefits

    Insurance is a great way to enjoy substantial savings on taxes especially for those tax payers who desperately look to invest in some tax saving options at the end of the year. As per section 80(C) of the income tax act, the annual premium that you pay for life insurance is deductible from your taxable income. It lets you avail tax benefits with an upper cap of Rs 1 lakh. As per Section 80(D), the annual premium that you pay for health insurance is deductible from your taxable income. The upper cap for section 80(D) is Rs 15,000 for individuals and Rs 20,000 for senior citizens . As per section 10(10D), the death proceeds given out to the nominee is exempted from taxation.

    Tax benefit is subject to changes in tax laws

  4. Getting Loans

    It is easier to get your loan approved if you are insured. Lenders treat life insurance as a financial security. Getting a loan while insured offers two benefits to the borrower, lowerinterest rates and flexible repayment options.

  5. Income Protection

    Insurance doesn't cater solely to meet the post death financial crisis. It also provides a financial cover against contingencies (disability/dismemberment) where the insured remains alive but becomes unable to hold a paying job. There are many variants of insurance that serve the purpose of income protection such as retirement plans which provide the old aged regular annuities to make up for the lost income. Then there are money back plans wherein the insured pays regular premiums up to a tenure and gets back the money periodically to meet his immediate financial expenses.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
  6. Legal Obligation

    It is mandatory under law to get some forms of insurance. In India, it is a legal obligation to get third party liability coverage on your car. Many countries make it obligatory for a visitor to get a travel insurance before letting him to enter in its territory. Many foreign universities need their students to get a mandatory health cover during the tenure of their course.

    Of all these, the greatest benefit that insurance offers is peace of mind. When a person knows that his loved ones will self sustain financially even in his absence, he can live worry free and make the most of his life.

Different types of Plans


Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To Secure Their...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High Returns

The best life insurance policy in India is a type of life

Read more
20 Jun 2023

Which Insurance is Best in India?

Insurance is a financial product that transfers the risk to a

Read more
27 May 2014

How to Check LIC Policy Status, Details, Statement via...

Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However

Read more
25 Feb 2022

SBI Life Insurance 50,000 per year Plan for 5 Years

Life insurance is about the financial protection of the family and working for life’s milestones through smart

Read more
23 Mar 2022

SBI Life Insurance Policy Surrender Value Calculator

SBI life insurance policy surrender value calculator is an online tool that helps users calculate the amount they

Read more
09 Mar 2022

PLI Surrender Value Calculator

PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL