While inflation continues and purchasing power drops, planning for a financially secure future becomes a priority, as well as a concern. Needs change with time, but the need for stability remains constant, at every point in our lives. One way to ensure this stability is a savings life insurance plan, that doesn't just provide cover against uncertain incidents, but through all points in life, and lets the bearer build wealth.
Sabyasachi Sarkar, MD & CEO of Go Digit Life Insurance says, "Importantly, the earlier you begin saving, the greater your potential to accumulate wealth and build financial freedom. Starting early allows you to benefit from compounding returns and gives you more time to prepare for critical life milestones."
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What benefits does a savings life insurance plan provide?
Sarkar says that a savings life insurance plan from Go Digit Life Insurance fits to all life goals. Whether someone has plans for long-term wealth generation through receiving lump-sum benefits or supplementing one's regular income with regular incremental payments, such plans have it all.
The company also provides a hybrid service of the aforementioned payment schemes, where you receive regular payments along with a payout on maturity of your policy, said Sabyasachi Sarkar. On Whole Life Benefit, he said, "Designed for lifelong financial security, the Whole Life Benefit variant provides guaranteed income until age 100. It’s ideal for retirees or those planning for long-term care and living expenses. Additionally, a Money Back Benefit equal to 50% of total premiums is payable at age 75 or 20 years after policy commencement, whichever is later."
Along with several other organisations, Go Digit Life Insurance also provides optional benefits for added protection, on which Sarkar said, "The savings life insurance plan provides additional protection through its optional benefits, which meet changing customer requirements. The Policy Continuance on Death or Critical Illness benefit maintains its survival and maturity benefit payments to your selected nominee after your untimely demise without requiring any extra premium costs."
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What are Wellness Benefits?
Wellness Benefits offer members doctor-on-call services, health coaching, fitness and nutrition guidance, and mental wellness support. It also provides access to diagnostic services, pharmacy deliveries, home-care assistance, and medical equipment rentals. Through its empanelled partners, the program delivers comprehensive support for both physical and emotional health needs, creating a holistic solution for long-term wellness.
Sabyasachi Sarkar said, "A savings life insurance plan is more than just a financial product; it’s a lifelong companion that evolves with your needs. By choosing the right option and starting early, you can build a future that’s not only financially secure but also adaptable to life’s many changes."
