The regular monthly income for a family is having lot of importance. Few situations in life can never be predicted where you may not be supplied same amount for your family monthly. To protect your monthly income properly, monthly income plans will be beneficial. You can choose the type of plan as per your monthly income. These plans even help you after retirement and you can enjoy financial freedom even after retirement. Almost all the major insurance providing companies are having better plans and even government post offices are also offering best monthly income plans.
Once after choosing the plan you can not alter it before the policy matures. In case of beneficiary’s death during the policy payment period, the returns will be issued to the legal heir. Survival benefits of this policy include regular Monthly Income which you have chosen at the time of policy purchasing. This monthly income will start just after paying all the premiums of your policy, it means after 15 years. There are few maturity benefits added in this policy such as you will get terminal bonus and Simple Reversionary bonuses. Terminal bonus will be received only if it was mentioned in your policy at the time of policy inception. Simple Reversionary Bonuses will be credited every three years on the anniversary date of the policy. Although this bonus is not guaranteed, but it will depend on company’s experience.
While providing cover for your volatile economic conditions, monthly income plan supports your child’s future also. At the inception of the policy you can choose the additional option of accidental death cover. You can even claim for the income tax benefit under Section 80 C. Premium calculator will be available on the official website of the insurance companies through which you can get the exact amount of the monthly premiums. You can request for e-brochures and get the information of available plans. Different insurance providers are available in the market, so get the quotes to have perfect deal. You can go through us to complete the formality of your policy and we can even suggest you for the best Monthly Income plans along with the competitive rates. If you give us opportunity then you can avail the benefits of negotiated premiums. You can directly send your e-application through us and we give you the assurity of forwarding your application to the right insurance company.