Learn Financial Lessons from Chhath Puja: The Chhath festival is currently taking place in North India. This festival of worship of Chhathi Maiya has great importance among people for the happiness and peace of the family. It is mainly celebrated in Bihar and Uttar Pradesh. It begins with the worship of the Sun God. But did you know that just as the sunrise inspires the beginning of life, you can also improve your family’s security by learning these financial lessons from the Chhath festival?
The way people celebrate Chhath festival for the safety of their family. Similarly, life insurance is a financial tool that provides financial security to your entire family in every way while you are alive and even after your death. Life insurance protects your family as a shield against problems that may arise in the future.
The biggest advantage of life insurance
The biggest advantage of life insurance is that it provides protection for your family. Even after you say goodbye to this world, your family will not have any financial problems thanks to life insurance. Another benefit of life insurance is saving the family from debt. Just as one wishes prosperity and security for the family during Chhath Puja, life insurance also provides security to the family.
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Even if any loans remain unpaid after you leave, the insurance helps your family. Your family can pay the outstanding loan with the insurance proceeds. It also gives peace of mind to your family.
Tax savings and wealth creation
If we look at life insurance, it is also a good option to save taxes. As per Section 80C d of the Income Tax Act, you can avail tax exemption on investment up to Rs 1.5 lakh in insurance. This also gives you the opportunity to save money for the future and build wealth.
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Nowadays, if you buy a house on a loan, you can also insure it. With this insurance, your family gets a permanent roof after your departure and the rest of the loan is repaid from the insurance amount.
