Income Benefit Plan
Income Benefit Plan
Income Benefit Plan is a life insurance product designed to provide a regular stream of income to the policyholder or their family in the event of unforeseen circumstances, such as the untimely death or disability of the insured. It ensures financial stability and continuity of lifestyle, helping families meet their daily living expenses and long-term financial goals without disruption.
What Our Income Benefit Plan Covers
• Regular income payouts to the policyholder’s family in case of the insured’s death
• Coverage for critical illnesses or permanent disability, ensuring financial protection
• Flexibility to choose the income payout period according to needs
• Option to receive a lump sum amount along with periodic income
• Tax benefits under applicable sections of the Income Tax Act
• Customizable riders to enhance protection, such as accidental death or critical illness benefits
Conclusion
Income Benefit Plan is ideal for individuals who want to secure their family’s financial future and maintain a stable lifestyle in case of unexpected events. It combines life insurance protection with the advantage of a steady income stream, ensuring peace of mind and financial security.
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