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Features
Ref. No. KLI/22-23/E-BB/492
When it comes to selecting a gift for newlyweds, Term insurance is an excellent choice. It is a unique yet meaningful gift that would ensure the financial security of the couple.
Diwali is just around the corner, and if you are wondering what to gift to the newlyweds in your family or circle of friends, here’s a suggestion that might not have crossed your mind – term insurance. It might not be as glamorous as gold or fancy gadgets, but it is a gift that truly keeps on giving.
The newlyweds have a new phase of life ahead of them. If you want to gift something meaningful to support them in this new journey, then giving term insurance can be the best option. Scroll through to understand why it can be an excellent gifting choice for the newlyweds.
A term plan can be a unique gift for a newly married couple, serving as a wise and foresight investment. Let us have a look at the various advantages that it provides:
Diwali is all about spreading joy and light, and what better way to do that than securing the future of the newlyweds? Term insurance ensures that if something happens to any of them, the surviving spouse will not be burdened with financial worries. It is like a safety net, offering peace of mind during the festival of lights.
Gold and gadgets are lovely, but they can be pretty expensive. Term insurance, on the other hand, is affordable and practical. With term insurance, you are not just giving a gift; you offer financial security that does not break the bank.
Every newlywed couple has dreams – a house, kids, travel, and so much more. Term insurance helps protect those dreams. In the unfortunate event of a loss, the policy provides a financial cushion covering mortgages, education, and other essential expenses.
Here is a little bonus – gifting term insurance can be a win-win for both you and the couple. You get tax benefits under section 80C, and they get a valuable gift. It is a Diwali gift that keeps giving, even to the giver!
The essence of Diwali is to usher in prosperity and light. With term insurance, you are helping the newlyweds maintain their financial independence. It is not just a gift; it is a promise of financial security during the festival of abundance.
Term insurance policies can be tailored to the specific needs and circumstances of the couple. You can choose the coverage amount, policy duration, and riders to ensure it aligns with their future plans.
More than just a tangible gift, term insurance is a gift from the heart. It shows you care about the long-term well-being of the newlyweds and their journey together. It is a gesture that says, “I want your love to flourish, and I am here to support you in good times and bad.”
While materialistic gifts may dazzle momentarily, the gift of term insurance shines bright for years to come. It is a gift of love, protection, and assurance that will always be cherished. So, this Diwali, consider going beyond the traditional gifts and give the newlyweds in your life the ultimate gift – the gift of security and peace of
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Features
Ref. No. KLI/22-23/E-BB/2435
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
