Life Insurance

Term Insurance helps you safeguard your family from financial worries that arise due to unfortunate circumstances. Term plans are pure risk cover plans with or without maturity benefits. These pure risk plans cover your life at a nominal cost.Term plans also let you avail of the benefit to cover your outstanding debts like mortgage, home loan, etc. In case something happens to you, the financial burden is borne by the insurance company and not your loved ones.

HIGH INSURANCE COVER AT LOWER COSTS

FINANCIAL SECURITY AGAINST LOANS AND MORTGAGES

SINGLE PREMIUM PAYMENT OPTION

This is also one type of endowment plan but in this plan very 3rd. 4th or 5th every a part of sum assured is paid to the life assured as survival benefit & in case of unfortunate death during the policy term the full sum assured without deduction of survival benefits will be paid to the nominee with or without bonus as per the policy condition & in case everything goes well the sum assured after deducting the survival benefits will be paid to the life assured with or without bonus as per the policy condition.

In an Endowment Policy, the sum assured is payable even if the insured survives the policy term. If the insured dies during the tenure of the policy, the insurance firm has to pay the sum assured along with the accumulated bonus during the tenure of the policy. If the person covered remains alive beyond the tenure of the policy, he gets back the sum assured with some other investment benefits. In addition to the basic policy, insurers offer various benefits such as double endowment and marriage/ education endowment plans

Unit plans are investment plans for those who realise the worth of hard-earned money. These plans help you see your savings yield rich benefits and help you save tax even if you don’t have consistent income. These policies are essentially linked with share market fluctuations. One has to pay premium for a minimum of three years and can withdraw the amount invested along with the bonus earned after the end of five years without any charges being deducted for surrendering the policy. Minimum 5 times life cover is given to the insured. Some capital guaranteed policies are available which covers the risk of the insured.