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Published byBrett Mitchell Modified over 8 years ago
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How Top 10 Life Insurance Policies Made Me a Better Person Life insurance is one of the most essential financial tools required for almost everyone irrespective of their financial status. From the elite rich to average income earning common man, everyone needs a risk cover as a protection for their family and dependents in case of any mishap or unfortunate circumstances leading to their demise.
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Top 10 Tax Saving Insurance Plans 1.ICICI Pru iCare II Term Insurance Plan2 2.HDFC Life Click2Protect 3.LIC’s Amulya Jeevan II 4.Kotak e-Preferred Term Plan 5.Aviva iLife Term Insurance 6.SBI Life - Smart Wealth Builder 7.HDFC Life Smart Woman Plan 8.Bharti AXA Life eProtect 9.ICICI Pru Guaranteed Wealth Protector 10.Max Life Shiksha Plus Super
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ICICI Pru iCare II Term Insurance Plan2 Popular life insurance plan offering a cover of Rs. 1 crorelife insurance plan The annual premium to be paid by a 30 year old insurance policy older for 30 years comes to a nominal Rs. 12,506. Insured can include accidental death benefit in the policy plan if required.
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HDFC Life Click2Protect Cover amount from Rs. 10 Lakhs to Rs. 10 crores The annual premium for a cover of Rs. 1 crore for 30 years for a 30 year old applicant comes to Rs. 11,910 under this plan.
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LIC’s Amulya Jeevan II A term insurance plan ranging from 5 years to 35 years offering a minimum sum insured of Rs. 25 Lakhs
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Kotak e-Preferred Term Plan A popular term insurance plan with a step up option. The policy has a tenure range of 5 to 30 years.
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Aviva iLife Term Insurance Offers tax benefits under Section 80c while offering term insurance at low premiums.
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SBI Life - Smart Wealth Builder A unit linked insurance plan offering users the choice to choose their plan from regular premium, limited premium to single premium The policy offers tax benefits under section 80c and section 10 D of the income tax Act.
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HDFC Life Smart Woman Plan A ULIP designed for women customers offering users three benefit options. Get tax exemption under section 80 C of the income tax
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Bharti AXA Life eProtect A term plan with a maximum tenure of 30 years.
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ICICI Pru Guaranteed Wealth Protector A popular ULIP plan allowing users to choose to pay a onetime premium or premium up to a maximum limit of 5 years
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Max Life Shiksha Plus Super It offers maturity benefits equaling the fund value. Designed for kids, the policy offers tax benefits under section 80c.
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