Life Insurance
Ensure life is lived to the fullest.
what is life insurance
Life Insurance provides financial cover for any contingency linked with human life. Along with life comes risks and unforeseen incidents, that can put your family’s financial security at peril. A life insurance policy is a secured way of protecting your family financially in the unforeseen eventuality of your demise, disability, or critical illness. Though human life cannot be valued, a monetary sum can be determined based on the loss of your income in future years which will safeguard your family’s financial interests. There are various life insurance plans for you to choose from and we can help you find the plan that is best suited to your needs.
Benefits of Life Insurance
Protection solutions
Term Plan is a type of life insurance that provides an assured amount to the beneficiary in case of the demise of the insured person during the specified period. If the insured survives until the end of the period/ term, the coverage ceases without payout. Term Life Insurance is the most affordable type of life insurance.
Benefits of Term Plans
- Provides life coverage and financial security to the family of the insured
- High coverage at low premium rates
- Flexible premium payment options
- Premiums paid are eligible for tax exemptions under section 80C of Income Tax Act 1961.
- Optional additional rider benefits available
- Return of Premium paid
- Provides life coverage and financial security to the family of the insured
- High coverage at low premium rates
- Flexible premium payment options
- Premiums paid are eligible for tax exemptions under section 80 of Income Tax Act 1961.
- Optional additional rider benefits available
This plan provides the insured with an option to take insurance cover for the entire duration of his life unlike other policies which expire at the end of a specified period. Upon the demise of the insured, the assured amount will be passed on to the beneficiary.
Savings solutions
Saving for your Child’s education, Child’s marriage, Buying a house, Creating wealth or meeting any other goals is not difficult. The following plans help in achieving your financial goals along with your protection needs.
This plan meets both savings and protection needs of the insured. In this plan the policyholder is eligible for a predetermined lump sum amount if he/she survives until the date of maturity of the policy. In case of untimely demise of the insured the beneficiary will get the assured amount.
Under Moneyback plans the insured will get fixed periodical payouts and in case of untimely demise of the insured, the beneficiary will get the assured amount.¬
This plan meets both savings and protection needs of the insured. ULIP’s have the characteristics of both Mutual funds and Life Insurance plans.The insured can select the type of funds(Equity/Debt/Hybrid) to invest in based on his risk appetite . Since ULIP’s are market linked, the performance of these funds determine the payout that the insured will receive at the end of the policy term.
Retirement Solutions
Under this plan the insured will have to contribute a fixed sum for a specific period in order to generate monthly income post retirement. Retirement Plans are offered by various Life insurance companies and you can choose a plan that is best suited to your retirement goals.
