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Life Insurance


Risks and uncertainties are part of life's great adventure -- accident, illness, natural disaster - they're all built into the working of the Universe, waiting to happen. Life insurance offers a way to replace the loss of income that occurs when someone dies (usually the person who produces the majority of income in a family situation). It is a contract between you as the insured person and the company that is providing the insurance. If you die while the contract is in force, the insurance company pays a specified sum of money free of income tax — "cash benefits" — to the person or persons you name as beneficiaries.

A good life insurance program does more than just replace the loss of income that occurs if you die. It should also provide money to cover the new costs that arise after your death — funeral expenses, taxes, probate costs, the need for housekeepers and child care, and so on. And these cash benefits should provide for your family's future needs as well, including college education for your children and part or all of your spouse's retirement needs. In almost all cases, your beneficiary can use the cash benefits in the way he or she sees fit, without restriction.

Insurance policies fall into many categories. Some of the parameters for classifying them include number of years, benefits covered, premium amount and other regulations which govern the policy. Life insurance policies may also vary from company to company. However the degree of variance is minimal and none of them will be contradictory to the principles of a life insurance contract.




Term Insurance

  • A term insurance policy is a pure risk cover for a specified period of time. What this means is that the sum assured is payable only if the policyholder dies within the policy term. For instance, if a person buys Rs 50 lakhs policy for 20-years, his family is entitled to the money if he dies within that 20-year period.
  • What if he survives the 20-year period? Well, then he is not entitled to any payment; the insurance company keeps the entire premium paid during the 20-year period.
  • So, there is no element of savings or investment in such a policy. It is a 100 per cent risk cover. It simply means that a person pays a certain premium to protect his family against his sudden death. He forfeits the amount if he outlives the period of the policy. This explains why the Term Insurance Policy comes at the lowest cost.
  • The only reason for their relative unpopularity is that they offer no or little returns to the policyholder in the event of his survival for the terms of the policy.

Please contact your insurance advisor before taking any policy"


Combining risk cover with financial savings, endowment policies is the most popular policies in the world of life insurance.

  • 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 just as any other pure risk cover.
  • The company usually declares an annual bonus on the investment and at the end of the term of the policy; the policy-holder receives the accumulated value of his investments.
  • A pure endowment policy is also a form of financial saving, whereby 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. The cost of such a policy is slightly higher but worth its value.

Please contact your insurance advisor before taking any policy"


  • They have been highly successful internationally as they provide complete empowerment to the policy-holder to decide on his investments, provide liquidity and also all information to the policy-holder on the position of his investments.
  • The savings (investment) component of the policy premium is invested into the financial market instruments to avail a greater rate of return than from traditional insurance policies.
  • There are options to change the investment decisions depending on the client's perception of the financial market conditions. Investments can be made into equity (asset appreciation), debt (regular income), or money market instruments, etc.
  • For these reasons, such plans are gaining acceptance as a modern way of planning insurance.

Please contact your insurance advisor before taking any policy"

Pension Scheme

  • An individual life extends well beyond his retirement from active work. At the same time, professional stress and peer competition has reduced the earning tenure of an individual. These two factors make it important to have an early planning for the retirement income. A personal pension plan provides an additional income to maintain the standard of living after retirement.
  • Provides for a lump sum amount and annuity benefit payments at the stipulated retirement age.
  • An effective way of contributing to ones own retirement benefits
  • Helps in achieving financial independence for ones “Golden Years”
  • An built-in life insurance cover, as an option
  • Unit liked pension plans also available

Please contact your insurance advisor before taking any policy"

Money Back

  • These policies are structured to provide sums required as anticipated expenses (marriage, education, etc) over a stipulated period of time. With inflation becoming a big issue, companies have realized that sometimes the money value of the policy is eroded. That is why with-profit policies are also being introduced to offset some of the losses incurred on account of inflation.
  • A portion of the sum assured is payable at regular intervals. On survival the remainder of the sum assured is payable.
  • In case of death, the full sum assured is payable to the insured.
  • The premium is payable for a particular period of time.

Please contact your insurance advisor before taking any policy"

Whole Life

  • As the name suggests, a Whole Life Policy is an insurance cover against death, irrespective of when it happens.
  • The Term Insurance for the longest term”
  • Premium rates low but higher than Term Insurance
  • Pure Whole Life Insurance – premiums payable continuously throughout the life
  • Limited Payment Whole Life Insurance – premiums payable for a limited and shorter period 

Please contact your insurance advisor before taking any policy"


As a parent, you always dream the best for your child including marriage, higher education, or that hand holding for a start in life. Whether you are there to see your child grow up and settled or not, your child feels your love in the financial support arranged by you through wide range of Children's insurance policies taking him from one milestone to another.

The Child Plan is an investment plan designed to meet your child's future financial needs. It's a plan that gives your child the "azaadi" to realize his dreams. It provides for expenses (lumpsum/recurring) related to education, marriage, etc. of children or for the benefit of disabled children, in the event of death of the parent.

Please contact your insurance advisor before taking any policy"

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