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  • Providing income protection for your family
    Posted on November 1st, 2024 in Exam Details (QP Included)

    Providing income protection for your family

    • Income Protection Term Plans provide a steady monthly income to ensure family’s financial stability in the event of a breadwinner’s death.

    • These plans are designed to maintain lifestyle, pay bills, and continue dreams even in the absence of the breadwinner.

    • The core of these plans is the promise of stability, with a stable monthly payout and inflation-adjusted payouts.

    • The plans are specifically designed for salaried individuals who want their families to continue living with the same financial confidence.

    • The plans also offer an optional feature that accounts for inflation by increasing the payout by 5% annually, capped at 1.5 times the initial payout amount.

    • The plans provide lifelong income to nominees, with the family receiving income upon the policyholder’s death until the end of the policy term.

    • The plans offer dual tax benefits, with the premium qualifying for deductions under Section 80C of the Income Tax Act.

    • The plans are affordable due to long-term security and inflation-adjusted payouts.

    • Special incentives are available to make the plans more accessible, including exclusive discounts for salaried individuals, women policyholders, and online buyers.

    • These plans offer holistic solutions for financial uncertainties following the loss of a breadwinner and are an attractive option for those wanting long-term peace of mind.

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