LIFE INSURANCE
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Life Insurance

As the name suggests, Life Insurance India secures your life from financial losses, which occurred due to the unexpected or premature death of the insurer. In life insurance, the insurer pays a fixed amount of money in the form of premium, to the insurance company,

In return for which company promises to pay a certain sum of money to the family or legal heir of the insurer, on his death or mis-happening. The money the company pays depends upon the contract and premium paid by the insurer. Call us now, your Life Insurance Agent to ensure you and your beloved family.

You will do anything for the ones you love.Thinking about why you need life insurance can be an emotional and stressful task. However, life insurance is one of the most responsible decisions you can make to help ensure that your spouse, children or other loved ones can continue to enjoy the quality of the life they deserve.

Different Types of Life Insurance

Term Plan

Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.

Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate.

  • Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term.

  • These policies have no value other than the guaranteed death benefit and feature no savings component as found in a whole life insurance product.

  • Term life premiums are based on a person’s age, health, and life expectancy.

  • Depending on the insurance company, it may be possible to turn term life into whole life insurance.

  • You can often purchase term life policies that last 10, 15, or 20 years.

Child Plan

Child insurance plan is an investment cum insurance plan from life insurance companies, which offers financial safety to your child’s dreams and goals. You can use a child insurance plan to invest in the big life goals of your child like higher education and marriage.

While you are building the corpus to fulfil these goals for your child, an insurance plan provides a safety cushion to the corpus in case of your untimely demise. In the unfortunate event of your passing away before fulfilling the goal, the plan can invest the money on your behalf and give the maturity amount you originally aimed for your child.

Savings Plan

Savings Plans are essentially life insurance plans that offer you an opportunity to save and build a corpus to meet your future needs. These are designed to help policyholders develop a regular savings habit, as well as give significant returns when you need them. In addition, savings plans offer insurance coverage, which means your family's financial needs are met even if you are not around to support them.

Savings plans usually give a fixed amount of maturity benefit when the policy term ends.

Savings plans essentially help you in reaching your life goals, protect your family in case of any unforeseen circumstances and help create a corpus to pay liabilities in the future.

Why You Should Buy Savings Plan?


The importance of life insurance has grown manifold in recent times with uncertainties around health, environment and professions. Unforeseen events like accidents, illness or death cannot just rob you of life, but your dependents can be left without an income and continued financial support for meeting emergencies, paying off liabilities or planning future goals.

ULIP

A unit-linked insurance plan (ULIP) is a multi-faceted product that offers both insurance coverage and investment exposure in equities or bonds.

This product requires policyholders to make regular premium payments. Part of the premiums goes toward insurance coverage, while the remaining portion is pooled with assets from other policyholders and invested in either equities, bonds, or a combination of both.

  • A unit-linked insurance plan is a product that offers a combination of insurance and investment payout.

  • ULIP policyholders must make regular premium payments, which cover both the insurance coverage and the investment.

  • ULIPs are frequently used to provide a range of payouts to their beneficiaries following their death.