The plus side of purchasing a life insurance policy goes ahead of securing your family in rough times. Unquestionably, it is an inevitability to protect your dependents in the event of one’s ill-fated and premature death, accidents or physical disabilities that could bring about a loss of income etc.
However, there is an extensive list of other benefits, too, that make it a profitable choice for all to buy a life insurance policy in India.
Sorrowfully, the majority of people are still not conscious of the numerous advantages linked with the life insurance policy. All they care about reasonably, are the disability and death benefits. However, there is a lengthy list of benefits associated with the life insurance policy like the maturity benefits, tax benefits etc and much more.
Most people have never heard of the online life insurance policy payment rebate benefit. However, it's very important to note that your chosen policy premium payment mode has a significant impact on the premium of a life insurance plan. If truth be told, the servicing cost of an insurance company noticeably goes down when you opt for online premium payment mode.
This is due to the reason that there is no charge associated with paperwork in this case. Thus, the life insurance companies are able to save a major amount on the commission, which is normally paid to the agents
Differing one company another, this rebate might have already been given to an individual policyholder before the online life insurance premium rates are quoted to him/her.