Secure and protect risk Through Insurance planning

Term insurance plans are pure form of insurance. It is low-cost insurance that is valid only for a stated period of time and has no cash surrender value. You can avail high insurance with very low premiums. Some insurance companies have also come up with Term Insurance policies with premium return features to make these plans more attractive to customers. 

An endowment policy is a combination of insurance and investment. Under a plain vanilla endowment plan, the policyholder pays regular premiums for the policy term. If the policyholder dies during the policy term, the nominee gets the death benefit i.e. the sum assured and accumulated bonuses. On survival, the policyholder gets a survival benefit, including vested bonus and terminal bonus, if any. 

Child insurance plans have traditionally played an important role in securing the child's future. Child plan is specially designed to meet the increasing educational and other needs of growing children. Today, providing a good education, establishing a professional carrier, securing a good future etc. can be done with the help of these plans.

A whole life policy provides coverage for the entire life of the policyholder (provided he/she continues to make premium payments). When the policyholder dies his/her beneficiaries receive the death benefit. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy covers till the person is alive. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never runs out. 

 Money back policies provide for periodic payments of partial survival benefits during the term of the policy so long as the policyholder is alive. An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which may have already been paid as money-back components. Similarly, the bonus is also calculated on the full sum assured. 

1.  Why Do I Need Insurance?

     Life insurance provides for financial security in the event of death or on the inability to  

     earn due to physical disabilities. Besides providing for financial security in the case of 

     one's untimely death, it can be used to accumulate a kitty for your old age,  

      systematically build assets, for funding your child's education and also for saving on  

      taxes. 

2.   I know I need insurance, but cannot afford the coverage. Can I do anything to 

      lower the cost? 

      The cost of life insurance depends on three factors: your age, health and your income. 

      We suggest that you not compromise on the level of protection you require. You could 

      purchase a basic protection policy that gives you the opportunity to pay only the 

      minimum premium. You can choose this affordable policy, without any riders. 

3.   Where can I find more information on life insurance? 

      Our relation managers would try to understand your requirements and propose the  

       suitable life insurance policy for you.