Should you buy PhonePe's term insurance policy? 2 min read . Updated: 14 Jan 2021, 03:31 PM IST Navneet Dubey The premiums start from as low as ₹ 149 per annum for a sum assured of ₹ 1 lakh and go up to ₹ 3,517 for a sum assured of ₹ 20 lakh. Here is a closer look at the insurance policy and its features: According to PhonePe press release, “One can get this group term life insurance in a few simple steps from the mobile app. In 'My Money' section of the PhonePe app (both Android and iOS), one can visit the ‘Insurance’ section and proceed by selecting ‘Term Life Insurance’ and select the sum they would like to be insured for. After providing the basic details of the person being insured...
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Image Courtesy: Shutterstock Health insurance and life insurance both play a crucial role in giving you financial protection during times of need, especially with the significant tax saving benefits under Section 80D of the Income Tax Act the exponentially increasing healthcare costs, it is prudent that you make financial decisions to secure your family’s financial health, with online insurance plans. Having a comprehensive term insurance coverage through online life insurance plans enables you to avail of the desired protection against life’s uncertainties. On the other hand, having a health insurance plan helps you protect your family and yourself against hefty medical bills in case of...
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Which Term Insurance Plan is Better- Online or Offline? One of the most important parts to maintain your financial planning is to opt for Life Insurance coverage. Indians have historically considered insurance as one of their primary investment tools. Insurance typically have quite a few variants especially in the life segment. Term Plans being one of the easiest and simplest one as it provides for high Coverage at a very reasonable cost. Term Insurance Plans are the cheapest way to opt for high coverage at a very low premium. You must be aware of two types of term plans available – one is offline, the old fashioned way and other is online. There is confusion about which is better. To clear...
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Shopping for the perfect online life insurance policy can be overwhelming, but with Quotacy at your side, it doesn’t have to be. Let us help you consider your options when you need to fill gaps in coverage. Here we highlight when it might be beneficial to purchase multiple life insurance policies online. This is called laddering life insurance policies. Can You Have More Than One Life Insurance Policy? It’s common to own different life insurance policies with different term lengths or coverage amounts. Your needs change as life goes on. Most young families have the greatest financial need the first twenty or so years after starting a family. The majority of earned income goes...
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^^ The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female aged 40-49yrs basis age as per details captured earlier...
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Max Life Future Genius Education Plan Max Life Future Genius Education Plan A non-unit linked plan that will look after your child’s education, even in your absence Max Life Super Term Plan Max Life Super Term Plan A term plan that looks after your family’s needs with annually increasing benefit payout Max Life Premium Return Protection Plan Max Life Premium Return Protection Plan A premium return policy with comprehensive life cover. Max Life Life Perfect Partner Super Max Life Life Perfect Partner Super A perfect partner to lead a stress-free retirement with 212.5% of sum assured on maturity Max Life Monthly Income Advantage Plan Max Life Monthly Income Advantage Plan A life insurance...
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