Life insurance offers dual benefits: financial security to your family in case of the policyholder's death as well as helps you save tax, says Alok Patnia. Illustration: Uttam Ghosh/Rediff.com Life insurance is a contract between an insured and an insurer, where the insurer pays the designated beneficiary, a sum of money in exchange of premium, upon the death of the insured person. Life insurance provides the dual benefits of savings and security. So, prepare for the unexpected by buying life ... Rediff.com, 1 week ago
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