Home

DigiBima Offers Life Insurance, Health Insurance & General Insurance.
There are various tax benefits for different insurance. As an illustration, Life Insurance is essential to tax planning. According to the requirements of the Income Tax Act of 1961, by purchasing a life insurance plan, you are eligible to deduct certain expenses from your taxable income. This indicates that the insurance premiums you pay contribute to a decrease in your tax obligations.
Life insurance is unquestionably the need of the hour. The main points to consider when purchasing a life insurance policy are the age requirements for the policy and your stage of life, the best premium and coverage combination for you, background checks on your insurance company and agent, knowledge of the company's claim settlement ratio, and the policy's inclusions and exclusions. As a result, purchasing a life insurance policy is a lifetime task that should be done wisely.