New Era Of Insurance For The Newage Consumer: Presenting Policybazaar's Unique Health, Wealth And Life Solution

Keeping in mind the changing needs of consumers, PolicyBazaar brings together its insurance partners to offer its clients a unique combination of health insurance, wealth creation and life insurance. PolicyBazaar has identified a gap in demand for health insurance, life insurance, and ROI products. The brand, together with insurance partners NivaBupa Health Insurance and Tata AIA, developed this solution to meet the growing demand for comprehensive insurance. The new Health + Wealth + Life offering combines the benefits of ULIP and health insurance to provide clients with protection from death and disease and wealth creation. Who should buy it? Ideally, this is a good choice for all types of consumers, as it saves them from having to buy multiple health, life, and investment plans. However, it is best suited for individuals who decide to purchase an investment-linked life insurance plan but do not have a private health insurance plan. Where to Buy – The software is only available on the Policybazaar website where customers can easily visit, find and buy with just a few clicks. Expand your security portfolio. Health + Wealth + Life Personalized Financial Pillow Solution Insurers are looking forward to insurance and investment products that can bolster their financial plans. In bridging this significant demand gap, PolicyBazaar, along with its insurance partners, have enhanced some of the powerful features of these programs to meet customer demand, for example.

• Tax Savings* is a great tax savings tool that applies to sections 80C, 80D, and 10 (10D). ULIP is offered to the purchaser of a policy under sections 80C and 10 (10D) because they are eligible for a deduction under section 80D of the life insurance section and the health insurance section.

• Wealth Creation*** - ULIPs are a popular choice for investors as Indian markets have historically offered profitable returns of 12-14%. With this particular scheme, the policyholder receives double the amount of the invested premium at the end of the term, even if the funds grow by 8%.

• Additional allowance. The plan provides for a higher health insurance benefit that doubles the amount insured for two years without claims.

• Reinsurance premium - The reinsurance premium is activated after the first claim and is unlimited and does not exceed the principal amount insured.

• Preventive Health - The plan covers preventive health care by offering clients an annual health screening from day 1 of the policy. Commenting on the product launch, PolicyBazaar Chairman and CEO Sarbvir Singh said, “PolicyBazaar has identified consumer need for a trusted solution that combines life insurance, health insurance and investment incentives. Every aspect of the plan is carefully crafted with consumer interests in mind to help strengthen the insured's financial safety net. We thank our insurance partners for bringing this vision to life and look forward to developing customer-centric solutions. By launching this product offer with PolicyBazaar, Mr. Krishnan Ramachandran, Managing Director and Chief Executive Officer of Nivabupa Health Insurance, said: “Today's consumers are very sophisticated and are looking for a comprehensive solution to their financial and medical needs. This product is sure to appeal to younger audiences, especially first-time buyers. The highlight of this product, among other benefits, is setting the client access age to 10 blocks, which means that the client must pay the corresponding premium base before the 10th access age update. This encourages buyers to invest at a young age. Before the end of the fiscal year, we encourage consumers to take advantage of health and life insurance options, as well as take advantage of tax incentives. This innovative product is a milestone for #HarFamilyHogiInsured at PolicyBazaar. Not only does this help you get maximum insurance coverage, but it also improves your customer experience. *Tax incentives are subject to changes in tax legislation. **The investment risk in the investment portfolio is borne by the insured. About PolicyBazaar Policybazaar.com is one of the largest insurance marketplaces in India. It is a leading PB Fintech platform under the fintech brand Paisabazaar.com, and a credit and insurance marketplace in the UAE region called Policybazaar. The Policybazaar.com group is backed by various investors such as private equity funds and other family offices. Created to inform people about insurance products, PolicyBazaar.com offers a wide range of online insurance marketplaces with a wide range of offerings. For more information visit: www.policybazaar.com Image: Wealth + Health Solutions

(This story has not been edited by the DevDiscourse staff and has been created from an automated source.)

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