Protects your family’s future with a guaranteed payout.
Combines savings and investment for long-term goals.
Offers attractive tax benefits under Income Tax laws.
Provides assurance and stability during uncertain times.
Life Insurance is a contract between the insurer and the policyholder, where the insurer agrees to pay out a sum of money to the policyholder’s beneficiaries in case of their untimely death. In exchange, the policyholder pays the insurance company a premium. The sum assured usually depends on the insured person’s ‘human life value’ (HLV); which is the monetary value of your life based on your overall income.
Anyone who has dependents should prioritise getting a life insurance policy. Life insurance will ensure that your family’s financial needs are taken care of even in your absence.
Once you have purchased a life insurance, your will have to pay premiums to the insurance company to keep your policy active. Some plans also provide the option for single pay premium where you pay just once during the inception of the plan. As long as your insurance plan is active, your family will be able to claim the policy’s sum assured in case of your death or any other eventuality covered by the plan.
Exclusions to death coverage are always mentioned in your life insurance policy. Exclusions may differ from policy to policy, so it is important to go through the list to understand what eventualities are not covered by your insurance.
Disclaimer - *For 30 Years Male, PPT 12 Years, PT 70 Years