Insurance
policies whether it is Life Insurance or Health Insurance, not only safeguard
your life and health but also give you tax benefits for the premium paid and
maturity amount received. The first step of a financial planning start with
getting yourself adequately insured.
Life
Insurance Policy is a traditional plan which includes term plans, ULIPS (unit
linked insurance plans), money back and whole life cover plan. All the above
plans are combination of investment as well as insurance except term plan which
gives you pure insurance.