what r the benifits of life cover policys?

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what r the benifits of life cover policys?

2006-12-10 22:37:19 · 2 answers · asked by vivek g 1 in Business & Finance ➔ Taxes ➔ India

2 answers

Dear Vivek

Life cover policies to cover your life against unforeseen death by compensating your life with the Sum assured by the Insurance company. (ie) if you take a life insurance policy for 5 lacs and happens to die within the term the insurance company will pay Rs.5 lacs along with bonus amount if any to your nominee.

For more details you can contact pnkmurthy@yahoo.com
and also visit http://www.geocities.com/pnkmurthy/lic.html

2006-12-11 21:50:36 · answer #1 · answered by toknowmore 4 · 0⤊ 0⤋

you can save tax.

2006-12-11 06:45:54 · answer #2 · answered by quick_one_23 2 · 0⤊ 0⤋