How to Play Life Ka Powerplay with iSelect Smart360 Term Plan

2021-03-09

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Predicting the future is impossible, but preparing yourself to brace the challenges that may come up – is a wise idea. Most of us do not create a financial plan that may help us play the longest innings of life. Being on your guard all the time is daunting, but what if we have an option to secure our life with just a click online? Wouldn’t it be an easy and smart way of securing your life goals? iSelect Smart360 Term Plan offers a host of benefits to help you play “Life Ka Powerplay”.

A term insurance plan will be one of the best investments in your portfolio as it not only offers life coverage but also, provides financial aid to your family in your absence.

Raho Life k har twist k liye Tayyar

iSelect Smart360 Term Plan – Raho Life K Har Twist K Liye Tayyar

iSelect Smart360 Term Plan is the shield that will protect you against the uncertainties of life. It is a highly customizable plan that you can align as per your changing life stages and milestones. Buying a term insurance plan is indeed a crucial financial decision, however, finding the best term plan is equally challenging.

Listed below are a few features of iSelect Smart360 Term Plan that will keep you ready for every twist and turn of life:

1. Whole Life Cover

Get your entire life covered or till you turn 99. You can also choose to get a cover for a specified time period. Choose the coverage as per your protection needs.

2. Multiple Premium Payment Option

Pay premiums the way you find it convenient. You can pay the premium in a single shot or you can choose to pay for limited duration of 5/10/15/20/25 years.

With iSelect Smart360 Term Plan, you can pay for 5 years and get coverage till 80 years of age. Or choose to pay for 10 years, and get coverage till 99.

3. Customise your Life Cover

You can increase your life cover by augmenting the cover at key life milestones. Our life changes and with it our protection needs change. Increase your life cover with changing life stages as that keeps you prepared for “life k har twists”.

4. Tax Benefits

Save up to 35% of the premiums that you pay under tax benefits provided under Section 80C and Section 10(10D) of Income Tax Act. The limit for deduction is Rs.1.5 Lakhs. The tax benefits are also applicable on the death benefit that is paid to the nominees.

5. Return of Premium

Return of Premium is one the most attractive features of iSelect Smart360 Term Plan. If all the premiums are paid throughout the policy term, it will be paid back to the policyholder if they outlive the policy. If the policyholder dies when the policy is in force, the death benefit is paid to the nominees.

Buying a term life insurance is a wise financial decision and the sooner you buy it, the better it is. The premiums that you will have to pay depend on your age too. If you buy a term plan in the early stage of your life or when you are in your 30s, the premiums will be low as compared to the premiums that you will have to pay if you buy a term insurance in your 40s. Life insurance is an important component of a financial plan, and a sound financial plan can help you achieve the milestones that you have set in your life. Keeping track of your income and outgoings is just a part of the plan. You should also focus on long-term investment benefits when it comes to creating a financial plan.

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.