
Term Life Insurance Plans
A Term Life Insurance policy that offers financial protection to your family in case something happens to you. In your absence, the life insurance policy would provide a substantial sum assured to your family to help them stay financially independent.
Unit Linked Insurance Plans
A Unit Linked Insurance Plan (ULIP) is an insurance product that combines life cover as well as investment.
Money-Back Plans
Money back plans the insured receives the certain percent of the sum assured periodically. On the expiry of the term, the balance amount is paid as maturity value. The life risk may be covered for the full sum assured during the term of the policy irrespective of the survival benefits paid.
Children Plans
These types of policies are taken on the life of the parent/children for the benefit of the child. By such policy the parent can plan to get funds when the child attains various stages in life. Some insurers offer waiver of premiums in case of unfortunate death of the parent/proposer during the term of the policy.
Whole Life Plans
As the name suggests this plan offers insurance coverage throughout the life insured life. The coverage is offered only in the case where the amount of premium is paid. In the event of the death of the life insured the nominee is entitled to receive a certain sum of money as mentioned by the insured.
Endowment Plans
An Endowment Policy is a savings linked insurance policy with a specific maturity date. Should an unfortunate event by way of death or disability occur to you during the period, the Sum Assured will be paid to your beneficiaries. On your surviving the term, the maturity proceeds on the policy become payable.