Life Insurance
Categories
Term Plan
Savings Plan
Pension & Annuities Plans
Individual Life Insurance
Individual life insurance is a contract between a policyholder/ insured and insurer where the insurer agrees to pay a pre-decided sum in the event of the death of the insured to the nominee/beneficiary/legal heir.
These plans have either or both of the two essential elements –
- Death Benefit- It is known as ‘death cover’. It is payable on the death of the insured person during the tenure of the policy
- Survival Benefit – It is also known as ‘Maturity Benefit’. It is payable on maturity of the policy if the insured person survives the entire tenure of the policy
Benefits of Individual Life Insurance
Liquidity
There is flexibility in surrendering the policies
Cover your liabilities
Ensuring your dependents are financially protected even if you are not around.
Fund For Responsibilities
Be it a child’s education, loan, building capital for your business or planning retirement life insurance has solutions for each need.
Tax Saving
Tax saving is an additional benefit when it comes to Life Insurance. 80C on premiums paid and 10 (10D) on maturity/survival/death benefit.
Group Life Insurance
Benefits of Group Life Insurance
Default insurance cover
Employer benefit
Ease in premium payment
Employee welfare
Group life insurance serves as an employee welfare plan, as well as an employee retention plan, since it provides not only for the employee but his/her family.
Experienced fund management
Type of Insurance
Indemnity Health Insurance Plans
- Individual Health Insurance
It offers health coverage to a single person only. This type of health insurance covers the cost of surgery, hospitalization, room rent, day care procedures and many more. The premium amount of an individual health plan is determined based on the insured age and medical history.
- Senior Citizen Health Insurance
It offers health coverage to people who are above 65 years of age. Generally, the premium amount of a senior citizen health plan is slightly higher than that of an individual and family health insurance plan. A senior citizen health insurance covers the cost of medicines, doctor’s consultation, pre and post-hospitalization etc.
Benefit Health Insurance Plans
- Family Health Insurance
It offers health coverage to the entire family (self, spouse, dependent children, and parents) in a single health insurance plan. It is more affordable, the sum assured can be availed of as often as needed among all the family members.
- Individual Health Insurance
It offers health coverage to a single person only. This type of health insurance covers the cost of surgery, hospitalization, room rent, day care procedures and many more. The premium amount of an individual health plan is determined based on the insured age and medical history.
Group Life Insurance
Benefits
Default insurance cover
Employer benefit
Ease in premium payment
Employee welfare
Group life insurance serves as an employee welfare plan, as well as an employee retention plan, since it provides not only for the employee but his/her family.
Experienced fund management
USP
- Providing protection solutions on the basis of “Human Life value” calculations.
- We have pre-underwriting tool for our HNI and ultra HNI client which help our client to apply for large insurance cover.
- Expertise in negotiation and underwriting of “High Sum Insured” (i.e.; 50 Cr, 100 Cr etc.)
- Pitching of “Free Policy Audit” & MWP Act.
