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Life Insurance Myths Debunked

Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a part of Aditya Birla Capital Ltd (ABCL). ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada.<br><br>ABSLI offers a range of products across the customeru2019s life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans (u201cULIPsu201d).

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Life Insurance Myths Debunked

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  1. Life Insurance Myths Debunked

  2. 01 Life insurance is for tax savings only Tax deduction is not the only advantage of life insurance. It also protects your family and gives you financial security. 02 Life insurance is useful only aster the insured’s death Depending on the type of life insurance, it can also help you save and grow your money to help you meet your financial goals. Aditya Birla Sun Life Insurance

  3. 03 Only financially well-off people can afford life insurance Insurance plans can be customized to suit every budget and offer extensive cover at reasonable prices. 04 Insurance cover from the employer is sufficient Insurance covers provided by employers are not always sufficient and are available only until you remain in their service. Aditya Birla Sun Life Insurance

  4. 05 Insurance payout will be will be taxed Under the Income Tax Act, death benefits from life insurance are not taxable if there is no added interest on the payout. 06 Only the Breadwinner of the family needs insurance Every family member needs insurance as there is value in covering everyone, notwithstanding they work or not. Aditya Birla Sun Life Insurance

  5. I'm single and without dependents, therefore I don't need any coverage 07 You might not need a life insurance to take care of your nominees but you need it to take care of your health, retirement and liabilities. 08 It is a hassle to buy life insurance With internet and online tools it is now easier than ever to calculate your premium and buy insurance online. Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license. Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Registered Office: One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Toll free no. 1800-270-7000. www.adityabirlasunlifeinsurance.com CIN: U99999MH2000PLC128110 Registration No. 109. ADV/11/21-22/1626 Aditya Birla Sun Life Insurance

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