LIFE INSURANCE &
HEALTH INSURANCE
GROUP F11
GROUP MEMBERS
01. DEEPAK HANDE - 221014
02. SONALI MORE - 221032
03. KHATIJA MUKADAM - 221033
04. PRIYANKA GAIKWAD - 221044
05. SUSHANT GAWADE - 221055
06. ASHISH CHAVAN - 221084
OVERVIEW
1. INSURANCE
2. TYPES OF INSURANCE
3. IMPORTANCE OF LIFE & HEALTH INSURANCE
4. TYPES OF LIFE & HEALTH INSURANCE
5. NEEDS & IMPACTS OF LIFE & HEALTH INSURANCE
6. TAX ASPECTS
7. ADVANTAGES & DISADVANTAGES
8. LIST OF COMPANIS
9. CONCLUSION
INSURANCE
INSURANCE IS A MEANS OF PROTECTION FROM FINANCIAL
LOSS IN WHICH, IN EXCHANGE FOR A FEE, A PARTY AGREES
TO COMPENSATE ANOTHER PARTY IN THE EVENT OF A
CERTAIN LOSS, DAMAGE, OR INJURY. IT IS A FORM OF RISK
MANAGEMENT, PRIMARILY USED TO HEDGE AGAINST THE
RISK OF A CONTINGENT OR UNCERTAIN LOSS.
TWO TYPES OF INSURANCE
IMPORTANCE
LIFE INSURANCE
FINANCIAL SECURITY FOR DEPENDENTS
DEBT AND EXPENSE COVERAGE
ESTATE PLANNING
BUSINESS CONTINUITY
HEALTH INSURANCE
COMPREHENSIVE MEDICAL AND COVERAGE
PREVENTIVE CARE AND WELLNESS
EMERGENCY AND CRITICAL ILLNESS SUPPORT
FINANCIAL STABILITY AND RISK MITIGATION
TYPES OF LIFE INSURANCE PLAN
TYPES OF HEATH INSURANCE PLAN
NEED & IMPACT OF LIFE INSURANCE
NEEDS IMPACTS
1. FINANCIAL PROTECTION 1. PROVIDES FINANCIAL SECURITY
2. SUPPORT FOR DEPENDENTS 2. DEBT SETTLEMENT
3. SAVINGS & WEALTH 3. PROMOTES LONG TIME SAVING
ACCUMULATION
4. TAX BENEFITS
NEEDS & IMPACT OF HEALTH INSURANCE
NEEDS IMPACTS
1. PROTECTION AGAINST RISING HEALTH CARE COST 1. REDUCES FINANCIAL STRESS
2. ACCESS TO QUALITY HEALTH CARE 2. ENCOURAGE PREVENTIVE CARE
3. FINANCIAL SECURITY IN CASE OF ILLNESS OR 3. PROTECTS YOUR SAVINGS
ACCIDENT
TAX ASPECTS
LIFE INSURANCE HEALTH INSURANCE
1. SECTION 80C 1. SECTION 80D
2. DEDUCTION LIMIT 2. DEDUCTION LIMIT
3. MATURITY 3. MEDICAL EXPENSES
PROCEEDS 4. CLAIM AMOUNT
4. DEATH BENEFIT
ADVANTAGES AND DISADVANTAGES OF LIFE INSURANCE
ADVANTAGES DISADVANTAGES
PROTECTION FOR LIFE HIGHER COSTS
FIXED PREMIUM MORE COMPLEXITY
TAX ADVANTAGE LOW INTEREST RATE
GUARANTEED DEATH CERTIFICATE HIGH FEES AND COMMISSION
ADVANTAGES AND DISADVANTAGES OF HEALTH INSURANCE
ADVANTAGES DISADVANTAGES
PROTECTION AGAINST HIGH UNEXPECTED LIMITED COVERAGE
LOSS SYSTEM LEAKAGE
QUALITY TREATMENT AT AN AFFORDABLE MORAL HAZARD AND ADVERSE
COSTS
SOLUTIONS
CASH LESS SERVICES
LACK OF UNIVERSAL SCHEME
TAX BENEFITS
LIST OF COMPANIES
CONCLUSION
LIFE INSURANCE AND HEALTH INSURANCE PLAY PIVOTAL ROLES IN SAFEGUARDING OUR WELL-BEING AND
FINANCIAL STABILITY. TODAY, WE DELVED INTO THE ESSENTIAL ASPECTS OF BOTH, UNDERSTANDING HOW LIFE
INSURANCE PROVIDES A SAFETY NET FOR OUR LOVED ONES IN TIMES OF CRISIS, WHILE HEALTH INSURANCE
ENSURES ACCESS TO QUALITY HEALTHCARE WITHOUT THE BURDEN OF EXORBITANT COSTS.
REMEMBER, INSURANCE ISN'T JUST A POLICY; IT'S A COMMITMENT TO SECURING YOUR FUTURE
AND THE FUTURE OF THOSE YOU CARE ABOUT. WHETHER YOU'RE PLANNING FOR YOUR FAMILY'S
FINANCIAL SECURITY OR SAFEGUARDING YOUR HEALTH, THE CHOICES YOU MAKE TODAY CAN
HAVE A LASTING IMPACT.
GET INSURED
THANK YOU
