A Savings Suraksha Plan is a type of life insurance policy that combines financial protection with a savings component. It provides a lump sum payout in case of the policyholder’s untimely death and also helps in accumulating savings over time, offering maturity benefits at the end of the policy term.
To compare different Savings Suraksha Plans online, visit InsureMile’s website, enter your details such as age, income, and coverage requirements. You can then view and compare plans from various insurers based on premiums, benefits, and features to choose the best plan for your needs.
Premiums paid towards a Savings Suraksha Plan are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity benefits and death benefits received are also tax-exempt under Section 10(10D), subject to applicable tax laws.
Yes, you can enhance your Savings Suraksha Plan with additional riders such as accidental death and disability, critical illness, and waiver of premium. These riders provide extra coverage and benefits, offering comprehensive financial protection.
To renew your Savings Suraksha Plan online, log in to your InsureMile account, select the policy you want to renew from your dashboard, review and update your personal and policy details if needed, and complete the renewal process by making an online payment.
If you miss a premium payment, most insurers offer a grace period during which you can pay the overdue premium without losing the policy benefits.