Often people argue that buying properties, fixed deposits, buying shares or stocks, buying gold or bullions, etc. are better ways of saving. They are lured by the increasing prices of the real estate and gold. There are of course advantages in the real estate purchase. But the life insurance guarantees those important benefits that the other saving methods do not offer such as:

Protection:
There are two types of protection in the life insurance:
1. The real estate, gold, etc. do not carry any protection. They can be taken away due to a small negligence, by the jealousy and conspiracy of others. But the life insurance has no danger of being stolen or arbitrated.
2. It gives full protection against risk of death. Also, in case of demise, life insurance assures payment of the entire amount assured with bonuses, whereas in other types of savings, only the amount saved (with interest) is payable.

No big investment
For buying real estate one needs a huge amount to be paid full in advance. For example, if a land’s value becomes double in 5-10 years, the buyer has to pay a huge amount in advance. The profit ratio in the insurance is same but it comes at the end of the maturity period. The difference is that the land cannot be purchased without full payment in advance while the insurance benefits can be gained without any huge investment to begin with.

Tax relief:
Tax evasion is a crime against the nation but the people in the subcontinent are involved so deep in this crime that they hire professional lawyers and chartered accountants who are experts in leading them in this crime. The past record also shows that some personnel of the tax departments were also involved in showing the tricky ways and means to evade paying taxes.
Through life insurance, one can benefit the country and save the income tax without committing any illegality as most of the policies are tax exempted or tax is rebated.

Money when you need it:
In the property dealings there are always dangers of litigation, arbitration, collection of money in legal way etc., but in life insurance one is safe from all these obstacles.