Benefits of health insurance are:-
Enhanced healthcare coverage against various options, Ambulance cover Extra protection with add-on covers Cover for pre-existing illnesses Cashless treatment facility Wide range of network hospitals Availability of health plans based on insurance needs Affordable premiums High sum insured amount.
Advantages and Benefits of Investing in Mutual Funds in India
- Liquidity.
- Diversification.
- Expert Management.
- Flexibility to invest in Smaller Amounts.
- Accessibility – Mutual Funds are Easy to Buy.
- Schemes for Every Financial Goals.
- Safety and Transparency.
- Lower cost
- Best Tax saving Option
- Lowest-Lock in Period
- Lower Tax on the gains
The most important benefits of insurance :-
- The obvious and most important benefit of insurance is the payment of losses.
- The second benefit of insurance is managing cash flow uncertainty.
- A third and uncommon benefit of insurance is complying with legal requirements.
Advantages of taking a home loan:-
- Sense of accomplishment.
- Capital Appreciation.
- Low interest rate.
- Tax Benefit: Interest paid.
- Tax Benefit: Principal Repayment.
- Buying a home vs renting a house.