If you are unable to work due to injury or illness, Income Replacement plans provide a regular monthly payment. Compare and find the best plans at policybazaar.com.
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Income replacement plans are nothing but another name for TERM INSURANCE! Naturally, these are meant to protect your family, dependents, or the loved ones in case of all eventualities especially when you\'re no longer there to see to their well-being. It is ideal for people who,
However, remember that income replacement plans are not for you, if you seek investment-linked plans, looking for whole life protection for your dependents, or intend to decrease the life insurance corpus over a plan term.
When choosing a term insurance consider the following,
When you are thinking of term insurance, specifically as an income replacement plan, opting for those that offer RETURN OF PREMIUM makes sense. These are also known as TROP Plans. It will adequately replace your income while offering premium refund upon maturity.
Benefits of TROP include,
To optimize the profits from term insurance plans, you should assess your present situation, such as, existing financial liability, covered levels, health state, and required protection.
With many insurance companies offering Term Insurance, make informative decisions with us. Feel free to contact us, toll–free 1800-103-3999 or write to us at firstname.lastname@example.org
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