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Secure your Financial Health: Buy Life Insurance Online

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February 11, 2023

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The world has come a long way since the beginning of the medical profession and it continues to evolve on a fairly regular basis. Each day we are confronted with newer possibilities about how life could change for the better through new inventions, and in recent times, digitalisation has completely upturned our traditional ways of carrying out functions.

While human concerns remain the same, our techniques of taking care of our needs have evolved. However, even as the world has exploded in terms of possibilities, our concerns have also grown alongside.

Health continues to be one of the biggest concerns for people and today, there are diseases that a few of our earlier generations would have been completely unfamiliar with. As our activities and ways of life have evolved, so have the different ways in which we can fall sick or our body can be affected.

For instance, back pains and different types of spondylitis have been on a rise ever since people began working remotely through the invention of devices such as laptops, palmtops or even smartphones. Even as our lives become more comfortable owing to our ability to work remotely, it has become more important than ever for us to proactively take care of ourselves.

Booking Doctor's Appointments Online

Routine medical check ups today are more important than ever, owing to the plethora of lifestyle diseases that we have become more susceptible to. While most people have a regular family doctor that they visit for routine check-ups, the COVID-19 pandemic has completely revolutionised our lives in several ways.

The pandemic gave way to nationwide lockdowns, which resulted in many of us booking appointments and consulting our doctors online. Life insurance has become more important than ever even as we come to terms with a pandemic that has taken thousands of lives until now.

Why Purchase Life Insurance

Life insurance has always been an ideal instrument for investment and is often one of the first investments that a young professional makes when they first begin working and earning an income of their own. There are a number of reasons for this, some of which have been listed below. Read on to learn more about what makes life insurance the ideal investment instrument.

  1. Coverage for Life:

    Life is full of uncertainties that we may have no control over, but one of the best ways to prepare for any eventuality is to buy a life insurance policy. With this, your family is taken care ofin case of your  unexpecteddeath.

  2. Tax Benefits*:

    Another reason life insurance works as a great investment instrument is through the range of tax benefits it offers. Under the Income Tax Act, 1961, you are eligible for tax exemptions not only on the premiums you pay towards your life insurance policy, but also the death benefit that your family receives upon your death is eligible for tax benefits*.

  3. Better Planning for the Future:

    The older you get, your responsibilities are bound to increase. By buying a life insurance policy early on in life, you can adjust it based on your changing life goals and requirements. By investing in a life insurance policy early on, you will not need to cut down on other needs later on in life, and can essentially ensure that your future and your family's future is secured.

Even as we talk about the benefits of life insurance, it is important to understand that the changing world order has also revolutionised how we purchase insurance. Insurers have moved online, enabling consumers to insure themselves quickly and with almost no effort.

Benefits of Buying Insurance Online

There are several reasons why consumers are choosing to buy insurance online. Read on below to learn more.

1. It is easier to browse through the options available to you in terms of life insurance online. Where previously you had to contact an agent or go to the insurer's office to understand the different plans that you are eligible for, today you can sit on your sofa and browse through a range of options based on your personal requirements.

2. It is significantly faster to buy insurance online, rather than visit your agent or insurer. You can also conveniently customise the plan according to your requirements.

3. Buying insurance also allows you to avail cheaper premiums, since your insurer is also not raking up costs of maintaining a brick-and-mortar office to offer you a policy and is able to pass on the benefits to you.

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Conclusion

Considering the benefits on offer when you buy insurance online, what are you waiting for? HDFC Life has a newTerm Plan to choose for people who wish to ensure their family's continued care even after they are no longer around.

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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*As per Income Tax Act, 1961. Tax Benefits are subject to changes in tax laws

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