Life Insurance

Advantages of Life Insurance?

• Protecting Your Family

By preparing in advance, you’ll have the peace of mind that comes from knowing you’re protecting your family’s financial future. And since Life insurance benefits are generally not taxable at the federal level, your loved ones can use the benefits to help take care of their living expenses in a variety of ways.
Any needs after the time of death, such as final illness expenses, burial costs, and estate taxes.
Funds for a re adjustment period, to finance a move, or to provide time for family members to find a job.
Ongoing financial needs, such as monthly bills and expenses, day care costs, college tuition or retirement.

• Safeguarding Your Business

If you’re a business owner or have business partners, it’s important to secure financially, for the unexpected.  As a business owner, to make it possible for your heirs to help pay estate taxes and help sustain the business during a change in management. To help provide funds in order to execute a buy-sell agreement between partners or stockholders.
Whether you’re new to life insurance or are re evaluating your current life insurance policy, it’s smart to stay informed. This empowers you with confidence that you have the right life insurance policy to protect your family, one that fits your needs and budget. Our Life Insurance adviser can help you select best life insurance plans for you.

 Types of Life Insurance Policy

• Different Types of Policy

  • Term life insurance
    Term insurance is a type of life insurance policy that provides coverage for a certain length of time. If the insured dies during the time period specified in the policy and the policy is active during the period then death benefit is paid to the family of deceased.
  • Money Back Policy
    In money back plan, the insured person gets a percentage of total sum assured at a definite regular interval, instead of getting the whole sum amount at the end of the term. So the maturity benefits are paid in instalments by way of survival benefits in every 5 years or defined interval.
  • Whole Life Policy
    Also referred as Permanent insurance, over the course of certain time (10,15 0r 20 years) insured pays a premium. After which cash values start to accumulate in the policy and the insurer will pay the death benefit of the policy to the policy’s beneficiaries when the insured dies.
  • Endowment Policy
    An endowment policy is a life insurance India contract that essentially involves paying a certain total sum after a specific term (on its maturity) or on death. So typical maturities are ten, fifteen or twenty years up to a certain age limit.
  • Unit Link Policy
    A Unit Linked Insurance Plan (ULIP) is an insurance product that gives investors both insurance. And investment under a single integrated plan. Hence policyholder may choose to pay a premium monthly or annually. So ULIP offers investors options that invest in equity and debt.