Why Life Insurance?

We prioritize insurance planning is a must because it is protection to the life cover risk. It will help you understand whether you are under-insured or over-insured and the existing policies can be earmarked in the financial planning structure.

Life insurance is important to people who want to protect their family from financial distress after their death. It can be used to provide financial security for loved ones.

The proceeds from a life insurance policy are paid to the beneficiary on a tax-free basis, which provides a lump sum that can be used for a number of purposes. Depending on the type of policy chosen, life insurance can also provide a savings component for the policyholder.

How does life insurance provide financial security ?

The main reason people consider buying life insurance is to protect the people they leave behind. Having coverage in place is especially important during the policyholder's main earning years. During this time, he or she may have major expenses such as a mortgage, car payments and the like.

He or she may have young children that need to be cared for, and/or aging parents that require assistance. In the case of a stay at home parent or spouse the funds may be used to pay someone else to perform the tasks, like cooking, housekeeping and child care, that the deceased once provided.

The death benefit that an insurance policy provides is meant to replace income so that the policyholder's family is less likely to have to face a major lifestyle change in addition to dealing with the loss of someone who is very important to them. Most people are underinsured, as opposed to having enough coverage.

Ideally, the level of protection chosen should be enough to replace the policyholder's gross income for a number of years. Where the policyholder has a young family, it's not unrealistic to look a plan that will pay out an amount that is equal 10 years of earnings or more.

Birla Sunlife

The purpose of any responsible person's life is to create sufficient wealth and security for the future. Every person works hard throughout life so that he and his loved ones may enjoy every material comfort and not want for anything. This often entails compromising on small joys in the present to enjoy a good life later.

But what if there was a way to enjoy a good standard of living and also save consistently for future use? Birla Sun Life Insurance offers a money back insurance policy that creates wealth in the form of periodic incremental savings. BSLI savings with Protection Solutions offers you the chance to steadily save money in small amounts, with the added advantages of a large life cover and tax free returns on the endowment insurance plan. These small savings secure your future, and your loved ones can be assured of stability even in your absence.

Know more about the money back insurance policies BSLI offers below. Our financial advisors are at hand to answer your queries.

Choose a solution that fits your needs

Protection

Secure your family's future in this increasingly uncertain world and don't leave their dreams to fate.

Savings with Protection

Strike the right balance between living comfortably today and staying financially secure in the future with small disciplined savings at regular intervals

Children's Future

Give your child the freedom to pursue his/her real passion by ensuring that you give him the right financial support

Retirement

Plan your retirement well to build a good corpus because during retired life, income stops but expenses don't.

Health & Wellness

Plan and ensure that you spend time with your loved ones when they need you the most rather than worrying about medical expenses.

Wealth With Protection

Secure your family's dreams and live through life's highs and lows with confidence while you reach your financial milestones as planned.