What are the benefits of taking Insurance ?

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Updated: 23/01/2008 | 04:12 PM IST

Personal finance

Getmeinsure

Wednesday, January 23, 2008 (Mumbai)

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There can several benefits for taking Insurance, some of them are listed below.

Financial Security of Life and Assets in case of an unfortunate event.

Tax Relief by way of deductions from Income, which lowers tax burden.

Encourages saving and helps in Financial Planning for the Future.

Life Insurance Policies can be used as security to obtain a Loan.

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