Life Insurance: We know that every person in today’s world is required to raise atleast one Insurance policy. The aim of Life Insurance policy is not to enhance the money only, but the main aim of raising an Insurance Policy is to safeguard the future of the whole family, incase of any untoward incidence happening to the earning member of the family.  So, we suggest the investors to invest in the policies where their future become safe in addition to enhancement in the value of their invested money. So those who take Life Insurance Policies with a main aim of increasing the money or their Corpus are wrong to some extent, since Life insurance has so many benefits, which are as follows:-

Achievement Of  Long Term Goals: A man saves money with an aim to fulfil his goals. At one point of time the money saved under Insurance policy grow of such a huge amount that the Insurer can use the saved amount to fulfil his long aspired goals. 

 Care Of Family When The Head Of Family Is Gone: As per the Indian family conditions, usually there is a single earner in the family. Incase the earning member dies at an early stage, the Insurance company is always there to look after the remaining members of the family.  In some policies, in case of sudden deaths the insurance amount becomes double of the value for which the policy premium is paid.

The Sooner You Buy A Policy The More Beneficial It Is: buying policies in younger age is always more beneficial, since on the one side where the insured is able to make big savings on the other hand the premiums paid are comparatively on the lower side.

Tax Saving Benefits: The premium paid under the Life insurance policies shall give a tax advantage on savings upto a maximum amount  of Rs.1,50,000/- under Section 80C of the Income Tax Act, 1961(Old Tax Regime) and maturity and death  benefits under Section 10(D) of Income Tax Act-1961.

Apart from the abovesaid there are several other hidden benefits like growth of money, tax free dividends/ bonus and above all the peace of mind of self and the other members of family.