LIFE INSURANCE

PRODUCTS WE OFFER OUR CLIENTS-

• TERM PLAN :

If something were to happen to you, term insurance safeguards the financial future of your family. A term plan, created as an easy and economical approach to provide financial protection, is an essential component of financial planning for the family's main breadwinner. Term insurance is a market-unlinked, pure protection plan. Furthermore, term insurance has cheaper rates than any other type of life insurance. If you purchase the premiums early in life, they are also more reasonable. Term plans are frequently recommended by experts as something you should prioritise as soon as you start making money.

There are several uses for term insurance. Your family can utilise the insurance coverage to pay for daily necessities, educational fees, or wedding costs if you are unable to earn a living. Your family can use the cover to pay off any unpaid bills you may have, such as a home loan, auto loan, or other obligation. You may also be able to add riders to some term insurance policies, such as critical illness coverage, which pays out a lump amount for the treatment of some severe illnesses, and accidental death benefit (paid over and above the sum assured in the unfortunate event of death due to an accident). For a little premium increase, these riders can offer an additional layer of security for you and your family.

• CHILD EDUCATION:

The best possibilities should be available to children, and a child insurance plan can help you save money for your child's future. A child plan is one of the most crucial financial planning tools for parents. These methods can help you accumulate a sizable sum of money for your child's education and potential wedding expenses. A child plan gives maturity benefits once or in annual instalments when the child is 18 years old. Additionally, parental insurance cover is built-in. Protection must be part of a child's plan because the parent is responsible for covering the expense. In the unfortunate event that the covered parent passes away during the policy period, kid plans might provide an immediate payout to meet a child's expenses.

• WHOLE LIFE INSURANCE PLAN:

A whole life insurance plan is a type of life insurance that covers you for 99 years of your life. The long coverage duration of these plans offers security for your family for a considerable amount of time, in contrast to other policies that have a comparatively shorter term of 10 to 30 years. Whole life insurance is the best option for people who have financial dependents even in their advanced years because it offers coverage for up to 99 years. The primary benefit of this product is that it offers the insured both everlasting security and an easy option to leave a legacy for their offspring. Plans for whole insurance provide a lot of stability. After five years of premium payments, you will get a guaranteed income at maturity.

• MONEY BACK INSURANCE PLAN:

In a money-back plan, the insured receives a certain proportion of the sum promised during the course of the life insurance policy. The money return plan pays you often because you save frequently. A money back plan is, to put it simply, an endowment plan with the advantage of improved liquidity and regular payouts. Money return programmes are made to support you in achieving your immediate financial objectives. Your monthly or yearly revenue may increase thanks to the money-back feature. The Income Tax Act of 1961's Section 10(10D)* allows for monthly payouts that are tax-free, which makes investing extremely beneficial. This is so that you may start using the policy's benefits right away.

• RETIERMENT INSURANCE PLAN:

Retirement plans are made to assist you in saving a sizable amount of money for your post-retirement years. In the years when you are not working, they aid in your financial independence. With the help of a retirement plan, you may save money aside and make long-term investments, increasing your chances of building up a sizeable fortune. By investing in retirement plans, which provide insurance benefits, you may also protect the financial stability of your loved ones. You have the chance to obtain possibly superior earnings with retirement plans. Your funds are invested in a combination of debt and equity to achieve this. Moreover, subject to Section 10(10D) of the Income Tax Act of 1961, the money you receive at maturity is tax-free. Additionally, you can shift your money across funds with retirement plans.

• ENDOWMENT INSURANCE PLAN:

For those who desire the security of life insurance as well as profits that are guaranteed, endowment plans are the best option. An endowment plan is a type of life insurance that offers both regular savings opportunities and life insurance protection. This makes it possible for you to get a lump sum payment when the insurance matures. Your nominee(s) also receives a death benefit in the event of your passing during the insurance term. Endowment plans are quite flexible, much like ULIPs. To pay the premium, you can pick an appropriate method and window of time. Additionally, endowment plans allow you the opportunity to gain from bonuses, which are payments made in addition to the sum insured of your policy.

• ULIP BASED :

An investment and insurance are combined in a unit linked insurance plan (ULIP). A ULIP offers life insurance that protects your loved ones financially. Additionally, it offers you the chance to make money through systematic investments that provide market-linked returns. Depending on your risk tolerance, a ULIP gives you the choice to invest your money in several fund alternatives. A 5-year lock-in term is a requirement for ULIPs, and the funds can be invested in bonds, stocks, hybrid funds, etc. Bonds are an excellent option if you're seeking for safer alternatives. Conversely, hybrid funds and stocks may provide superior returns if you are willing to take on more risk.

Since every person is unique, ULIPs allow