Imagine living your life with complete financial security, the security of meeting your financial goals, and providing for your family even when you are not around.
You can achieve this kind of financial security by planning with Life Insurance. Let's understand a bit more about this Life Insurance plan.
READ MOREAs mentioned earlier, Life Insurance plans come in different variants. Each variant has a distinct benefit structure that helps to fulfill a specific financial need. PhonePe offers the following types of Life Insurance plans:
Life insurance can become a pretty helpful addition to your financial plan. It offers a range of benefits that makes it essential for your financial portfolio. Listed below are the reasons why you should opt for Life Insurance:
The benefit paid under the Life Insurance plan also helps the insured to fulfill their financial goals. Whether you want to create a corpus for your child’s future, buy a house, or plan for your retirement, Life Insurance helps you and your family achieve these goals.
Insurance plans compensate for the financial risks that you suffer in unforeseen contingencies and provide financial security.
Life insurance plans provide attractive tax benefits. The premiums paid towards a Life Insurance policy are allowed as deductions from your taxable income. The deductions for these premiums can be filed under Section 80C* of the Income Tax Act, 1961. The present limit of deduction is Rs. 1.5 lakhs. Moreover, the maturity benefit that the policy pays is also tax-free, according to Section 10 (10D)* of the Act. Hence, Life Insurance plans not only provide financial security but also help you plan your taxes effectively. *Subject to change from time to time as per Income Tax Laws.
PhonePe is associated with leading Life Insurance providers in India. Therefore, you can find some of the best Life Insurance plans on PhonePe’s application and choose the most relevant plan for your coverage needs
All it takes is a few clicks, and you can buy Life Insurance online without the need for elaborate paperwork. Buying a Life Insurance policy online is super convenient & you can get it anywhere, anytime & real-time.
You can find the most affordable premium rates for Life Insurance plans online; this helps you to buy Life Insurance at the best prices without compromising the coverage. Compare & purchase a policy that best suits your needs.
All your transactions are completely safe and secure. We use best-in-class security solutions to keep your personal and financial data safe from cyber threats. You can also pay your premiums instantly online!
Besides purchasing a policy online, you can also access your policy details anytime, anywhere!
PhonePe is associated with leading Life Insurance providers in India. Therefore, you can find some of the best Life Insurance plans on PhonePe’s application and choose the most relevant plan for your coverage needs
All it takes is a few clicks, and you can buy Life Insurance online without the need for elaborate paperwork. Buying a Life Insurance policy online is super convenient & you can get it anywhere, anytime & real-time.
You can find the most affordable premium rates for Life Insurance plans online; this helps you to buy Life Insurance at the best prices without compromising the coverage. Compare & purchase a policy that best suits your needs.
All your transactions are completely safe and secure. We use best-in-class security solutions to keep your personal and financial data safe from cyber threats. You can also pay your premiums instantly online!
Besides purchasing a policy online, you can also access your policy details anytime, anywhere!
PhonePe Insurance Broking Services Private Limited. IRDAI Direct Broker (Life & General)
Reg. 766 and Broker Registration Code IRDA/DB 822/20 Valid till 10/08/2027.
Regd. office - Office-2, Floor 4,5,6,7, Wing A, Block A,Salarpuria Softzone, Service Road,
Green Glen Layout, Bellandur, Bengaluru, Karnataka-KA, Pin- 560103
CIN: U66000KA2020FTC132814
