About Life Insurance
Life Insurance is available as a pure death cover, as financial support during your years of retirement as well as a prudent investment
option. Most Life Insurance Policies also provide tax benefits under various sections of the Indian Income Tax Act. There are various
kinds of Life Insurance Plans:
Term Life Plan is a pure death cover and provides you a secured life for your family in your absence.
Your family / nominee gets the cover amount in the event of your death and allows for continued financial protection of your family.
The premium on this plan is relatively low
This Plan helps you save money for retirement and provides your with a regular monthly income once you have retired
It's a Savings plan which allows you to fulfill your dreams and relax once you are retired. It allows you independence to do what you want when you retire
Children Plans allow proper planning of your child's future. Children have various needs when they grow up to be 18 or beyond.
This could involve high college fees for graduation, the possibility of going abroad for higher education or even need for capital to start their own business.
The Children Plans allow you to have planned savings which come in handy when you actually need this additional amount at that important juncture in your child's life.
ULIP is a form of investment-cum-insurance plan where you can direct your investments in the customized unit linked funds such as equities, money market instruments, investment grade corporate bonds, and government securities.
These funds offer a wide range of returns basis market returns
You can choose to invest your premiums in one or more of these funds, basis your risk taking ability. These plans are extremely popular as a sound investment option
The Endowment Plan is designed to provide the customer the dual benefits of protection along with potentially higher returns.
This plan also allows you to purchase additional benefits in the form of bonuses that will be paid on maturity of the Base policy or in the unfortunate event of the death of the Life Insured.
The plan comes with various riders and flexible options that make this Plan serve various financial needs and also secure your life.
