10+ 貯蓄型死亡保険 References

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What is Saving Type Death Insurance?

Saving type death insurance is a type of life insurance policy that offers both savings and protection benefits. This type of insurance policy provides a death benefit to the policyholder's beneficiaries in case of their untimely demise. Additionally, it also offers savings benefits by accumulating a cash value over time. This cash value can be withdrawn or borrowed against by the policyholder during their lifetime.

How Does It Work?

When a policyholder purchases a saving type death insurance policy, they need to pay regular premiums to the insurance company. A part of these premiums goes towards the death benefit, while the rest is invested to generate returns. Over time, the cash value of the policy increases, and the policyholder can use this amount for various purposes, such as paying for their child's education or funding their retirement.

Benefits of Saving Type Death Insurance

Saving type death insurance offers several advantages to the policyholder, including:

1. Dual Benefits:

Saving type death insurance offers both savings and protection benefits. It provides financial security to the policyholder's family in case of their untimely demise and also helps them achieve their long-term financial goals.

2. Tax Benefits:

The premiums paid towards saving type death insurance are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Additionally, the maturity amount and death benefit received from the policy are also tax-free.

3. Loan Facility:

Saving type death insurance policies offer a loan facility against the accumulated cash value. This can be beneficial for policyholders who require instant funds for unplanned expenses.

Who Should Buy Saving Type Death Insurance?

Saving type death insurance is suitable for individuals who want to secure their family's financial future and also want to save for their long-term financial goals. It can be beneficial for individuals who are the sole breadwinners of their family or have dependents who rely on their income.

Conclusion

In conclusion, saving type death insurance is a valuable financial product that offers dual benefits of savings and protection. It can be an excellent investment option for individuals who want to secure their family's financial future and achieve their long-term financial goals. If you are considering purchasing a saving type death insurance policy, it is essential to compare different policies' features and benefits and choose one that suits your requirements and budget.