Insurance

Have you ever wondered what would happen to your family in case of your untimely demise? Who will take care of their finances, such as EMIs, grocery expenses, education, and marriage costs? Will your investments or savings be enough to help them survive for long? If these concerns weigh on your mind, then life insurance is the answer.

At First India Credit (FIC), we understand the importance of securing your family’s future. In addition to offering a wide range of loans and credit cards, we provide comprehensive insurance solutions tailored to your needs. Life insurance is a powerful tool that ensures financial stability for your loved ones, offering a lump sum payment, known as a death benefit, in the event of your untimely demise during the policy term. Moreover, certain policies offer a maturity benefit upon the expiration of the term.

By paying premiums over the course of the policy, the insurer commits to paying a specified amount to the beneficiary upon the policyholder’s death or after a predetermined period, known as the cover amount. To fully access these benefits, it is essential to choose an affordable premium and ensure timely payments.

Why Choose Life Insurance with First India Credit?

1. Financial Safeguard:
Life insurance provides your family with financial stability. The death benefit guarantees that your loved ones receive a predetermined amount, ensuring their financial security even in your absence.

2. Encourages Savings:
Maintaining a life insurance policy requires periodic premium payments, fostering a habit of regular saving. This disciplined approach helps you build a secure financial future.

3. Tax Benefits:
Life insurance promotes tax savings. Under Section 80C of the Income Tax Act of 1961, you can claim a tax deduction of up to Rs 1.5 lakh on the annual premium paid. This dual benefit of tax savings and investment makes life insurance a smart financial choice.

4. Achieving Financial Goals:
Certain life insurance policies accrue cash value over time, supporting your major financial goals. Policies like ULIPs include an investment component, where your premium is invested to yield returns, helping you build a substantial corpus for objectives such as your child’s education or marriage.

5. Wealth Protection:
Life insurance policies are one of the safest long-term investment options, protecting your wealth from taxes and inflation over an extended period. This makes life insurance an excellent tool for retired investors to create long-term pensions.

At First India Credit, we are dedicated to offering financial solutions that provide peace of mind and security for you and your family. Explore our range of insurance products today and take the first step towards a financially secure future.

First India Credit – Your Trusted Financial Partner in Securing Tomorrow