- These insurance policies can provide a great source of secondary income in case of any mishaps, which is not provided in any medical or other insurances.
- These policies guarantee the protection of your own as well as your family, and thus can work as a great source of relief for you.
- You get an assured tax relief on the installments paid towards the premiums of these policies. Thus, they also help you in saving your taxes.
- One major benefit of these policies over other medical insurance policies is that the terms and conditions of these policies are almost same for people of all ages. For example, in medical insurance, the amount of the premiums differ on the basis of the age of the person who is insured. For young people the amount is less, and for older people the amount of the premiums is somewhat more. Here, the premiums are same irrespective of the age of the person insured.
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