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Insurance is a contract between the insurer and the insured, according to which the insurer has to pay the nominee of the insured a certain predefined amount of money on the death of the insured. The insurer is the person who guarantees provision of the insurance cover while the insured is the individual who is being provided monetary security by the insurer. There are many companies in India which provide insurance to the people, mainly, banks and funding institutions. Life insurance is one of the best means to protect your family’s future and yours in the event of any unfortunate incident. It is also means to save tax. Online Insurance: There are more than 20 companies in India that provide insurance. It becomes confusing to choose the right product for oneself. Also, the person has to take time off their busy schedule to apply for insurance and other formalities included. Online insurance is the best solution for such individuals. Every company has their own website which provides information about the various insurance plans they provide. One can simply check, compare online and also apply right away. It’s a simple process and does not require any extra time and effort. Bajaj Allianz: Among the many providers of insurance, one of them is Bajaj Allianz Life Insurance. It is a leading provider of life insurance in the country with a wide range of insurance products available with them catering to the different needs of the customer. They deal in health insurance, term insurance, endowment plans, women insurance; unit linked insurance plans, and life plus health insurance plans. All their products have different features and benefits available with them that provide not only a means of securing their future and their family’s but also make an investment. These plans are also eligible for deductions under section 80C as in the Income Tax Act, therefore, helping the person to save their income tax. According to the Section 80C under the Income Tax Act, a person making an investment up to Rs. 1 Lakh is eligible for deductions from Income Tax. Savings are an important means of ensuring one’s future in the case of any untoward event. There are many means by which a person can save tax which have been enlisted by the government. Companies provide many benefits to customers in addition to the death benefit described earlier. They provide riders that include benefits in case of any medical illness and so on.
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online insurance, bajaj allianz life insurance, income tax,
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