
Life insurance in India enjoys tax exemptions. Premiums up to Rs 1,50,000 are exempt from Income tax under Section 80C. The returns from life insurance companies are exempt from tax under section 10 10 D. You can buy a pension plan and be secure after retirement. You can also avail a loan against the policy when you need money in a pinch.

The insured individual offsets liabilities by investing in a life insurance policy and thus ensures that any debts or liabilities of the insured are not passed on to the next of kin.

A good insurance cover mitigates stress about the uncertain future and protects the interests of the family. . The insurance money can help a family meet everyday expenses or to invest in a business, education or wedding.

A life insurance policy is a contract between a life insurance company and an insured, wherein the company promises to pay a sum of money to the insured, in case of maturity of policy or to a named beneficiary in case of the death of the insured. This is done in consideration of premium paid by the insured.
