There are many factors to consider when choosing a guaranteed amount, including your income, financial obligations, living costs, and future goals.

You get life insurance in exchange for a premium. Parts of the insurance money cover the costs of insurance coverage and life insurance costs. For savings plans, the insurer invests another part in profit making plans. This section earns income, which the insurance transfers to you as a benefit.

Once you have taken responsibility for the financial well-being of your parents, spouse, or retired children, the time is right to get life insurance. The cost of life insurance increases with age. So if you postpone taking out life insurance, the amount to be paid increases. However, the amount remains fixed during the term of the contract. So buying early helps you save expensive expenses.

Life insurance covers almost all undesired events such as death due to accidents or natural causes; your beneficiaries will receive life insurance benefits in the event of death.

Deaths from natural causes such as heart attack, infection, kidney failure, stroke, old age, cancer, or any other natural cause are covered.

Accidental death such as accidental drug overdose, car accident, drowning, or other tragedy is also within its scope. Death by suicide is also covered if it occurs outside the opposition period. If you have paid all your premiums on time, you can be sure that your beneficiaries will be paid.

This is the amount you have to pay to your insurer once or regularly in order for your life insurance to remain active.

Health insurance not only financially protects the insured for the future but also assists in the present time. Habits such as alcohol consumption, smoking, or an inactive lifestyle create health problems that can be acute or chronic and can be expensive to treat. To be financially secure in such times, you need reliable health insurance that will always cover you. However, your health insurance reduces your overall tax debt by allowing tax deductions on the premium paid under section 80D of the 1961 Act.

You can buy a health insurance policy in India if you are an Indian citizen and over 18 years old. If you are under 18, your parents can cover you with any of their insurance plans.

Health insurance covers hospitalization costs, including pre-and post-hospitalization costs, doctor's consultation fees, and hospitalization costs.

Life insurance is the best investment, but it will not help you with your heavy medical bills. Health insurance is a solution that helps you get hospitalized and pay higher medical costs if they are born. That way, your health insurance plans will protect you from unforeseen health expenses that can wipe out your savings.

The entry age states that you must be at least old enough to be covered by a health insurance company. Exit age means that you will not be insured after reaching a certain age. Entry and exit ages differ for different health insurance plans.

Yes, you can purchase more than one health insurance policy. However, it is generally difficult to manage multiple policies. We recommend that you purchase a single health insurance policy with a high operating system rather than purchasing multiple health insurance policies with a low operating system.