PPT On Why You Need a Life Insurance Cover

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Why You Need a Life Insurance Cover Presentation Transcript:
1.Why Do WE NEED
A LIFE INSURANCE
COVER??

2.LIFE INSURANCE
 MYTH
 IRRITANT
NECESSITY

3.What happens when you get
   a sales call to buy
   life insurance?
What is your first reaction?
Why do you react in this fashion?

4. Is it because of the agents style of approach?
Is it because of incessant tele- calling?
Is it because of lack of professionalism?

5.However it is very
Necessary to be aware of what
Life Insurance Cover is all about?

6.What does life insurance actually do?
 IT Compensates Financial Loss

7.Life Insurance Cover for :
 CHILDRENS EDUCATION
RETIREMENT PROVISION
CREATING AN ASSET

8.CHILDRENS EDUCATIONAL NEEDS
  Primary responsibility of every parent to ensure the best education of child.
Child prepares academically,
     parent has to be prepared
     financially.
Rising cost of education world
     wide particularly in India

9. CHILDRENS EDUCATIONAL NEEDS
 Consequences if not provided for?
 Our own needs and age at that time

10.RETIREMENT
Present Scenario in india:
14% still working
54% dependent on others
4% wealthy and self dependent

11.RETIREMENT
 How would you like your retirement to be?
 You have to be mentally agile and physically active.
 Financially you have to analyze and prepare yourself.

12.RETIREMENT
 What options does one have to help save for retirement?
 The role Life Insurance would play during deferment period.

13. TAX BENEFITS
 While paying premiums your premium amount is directly deducted from your taxable income under sec 80C of IT Act.
 When you receive the maturity amount it is totally TAX FREE under sec 10/10D of the IT Act.

14.TAX BENEFITS
 Additional tax benefits available
 Key Man Insurance
 Employer Employee Insurance
 Tax Exemption under sec 37 of the IT Act.

15.MAIN ADVANTAGES
Helps inculcate compulsory savings habit.
Helps protect the family in unfortunate situations.
Helps save on taxes while helping save for the future.