Download
1 / 2
20 likes | 27 Views
The vast majority of those who own a car or a motorcycle refuse to buy insurance. Because of the mandatory condition requiring third-party liability insurance for all vehicle owners. If you acquire health insurance, you can also save money. A health insurance advisor in Noida can help you understand how to save more money.
E N D
How to save money by opting long term insurance policy? Long-term insurance is a sure-fire way to ensure your financial stability in the long run. It is an insurance policy that is designed to cover you for the long term in the event of a hazard or unfortunate event occurring without your knowledge. Also, you can save money if you are buying any health insurance.A health insurance advisor in Noida can guide you to understand the ways to save more. The advantages of purchasing long-term care insurance: When purchasing a long-term auto insurance policy, you may be eligible for several discounts, depending on the T&C (terms and conditions) set out by the insurer. Savings and incentives are obtained through long-term programmes, allowing the insured to save significantly. Long-term insurance coverage is usually a sensible investment as you can save a good amount of money while getting covered for specific risks. There is a reward for policyholders who do not file claims throughout the insurance period known as a “no claim bonus.” Depending on the insurer, the NCB % is broken down into multiple tiers. Policyholders are eligible for a maximum NCB of 50% after receiving just 20%. The bifurcation is 20% for the first claim-free year, 25% for the next two claim-free years, 35% for the next three claim-free years, 45% for the next four claim-free years, and 50% for the next five claim-free years. There isn’t any sort of claim bonus. As you pay the term insurance premium, you get entitled to tax benefits according to Income-tax Act,1961. ( Section 80C). You can avail Rs. 1.5 lakh per year deduction. But you should not consider only tax benefits before buying term insurance. The term insurance implies much more than just tax benefits. You can give a financially secure future for your loved ones. Conclusion
Long term insurance can be an ideal tool for saving money. You can save money through a good health insurance plan too. A good health insurance advisor, like a Health Insurance advisor inNoida sector 18, would provide you best insights.
