Life is full of ups and downs. When you are in the midst of tough times, you may need financial protection. Making prior arrangements for that financial protection would keep you in good stead. But financial protection comes at a cost. There are various methods with which you can arrange for that protection, but the most effective and inexpensive would be a comprehensive protection life insurance plan.
Why Life Insurance?
Any other provision that you make, for instance, Bank F.D’s, M.F’s, real estate, gold etc is expensive and also has certain shortcomings. Bank F.D’s provide faster liquidity, but don’t offer you tax savings. M.F’s also do not offer tax savings and are subject to market risks, making it unpredictable. Real estate is costly and so not provide easy liquidity. Gold does provide easy liquidity, but is expensive and does not provide any tax savings. All these avenues are better off treated as investments. But for protection, nothing can beat life insurance. Life insurance is the only avenue that offers you protection against some unfortunate events along with tax savings, that too at a lower cost.
A Comprehensive Term Plan
Edelweiss Tokio Life – Total Secure + is a plan that financially protects you from up to 35 critical illnesses and also gives your family the assurance of financial support when you are not around to support them. A term plan with a comprehensive critical illness cover. This plan ensures that you receive a lumpsum amount on being diagnosed with a critical illness. With most critical illnesses covered, you can be rest assured that both you and your family are secured against major crises in your life. You also have the option of selecting the manner in which your family would receive the death benefit. It could be lumpsum or regular monthly income. In regular income also, you have the feature of choosing between level income or increasing income, where the payout increase by 5% p.a. every month.
Go for the real and complete protection plan. Generate a quote today to find out the mix that suits your needs the best.