Life Insurance
Compare policies of top insurers at one platform. Buy instant Life Insurance Cover and save tax under Section 80C. Get insurance covers for terminal illness, critical illness, and accidental death.
Life Insurance
What is Life Insurance?
Life insurance is a financial protection plan that provides a payout to the nominee in case of the insured’s death during the policy tenure. Some life insurance plans also offer maturity benefits if the policyholder survives the policy term.
The primary purpose of life insurance is to provide financial security to dependents and safeguard them against loss of income.
Types of Life Insurance Plans We Offer
Life insurance plans differ based on coverage period, benefits, and financial goals. Some plans offer protection for a fixed term, while others provide lifetime coverage.
Term Life Insurance
Term Insurance provides a death benefit for a fixed tenure. It is the simplest and most affordable form of life insurance.
- Provides high coverage at low premium
- No maturity benefit
- Ideal for income replacement
- Variants include level term, increasing term, decreasing term, and term with return of premium
Endowment Plans
Endowment plans are savings-oriented life insurance policies that offer both death and maturity benefits.
- Death benefit paid if insured dies during the policy term
- Maturity benefit paid if policyholder survives the term
- Suitable for long-term savings goals
ULIPs (Unit Linked Insurance Plans)
ULIPs are investment-oriented life insurance plans where a portion of the premium is invested in capital markets.
- Choice of funds – equity, debt, balanced, liquid
- Market-linked returns
- Life cover along with investment growth
- Suitable for long-term wealth creation
Child Insurance Plans
Child plans are designed to secure a child’s future financial needs such as education and marriage.
- Traditional child plans with maturity and death benefits
- Unit-linked child plans with investment growth
- Ensures financial stability even if the parent passes away
Whole Life Insurance Plans
Whole Life Plans provide coverage for the entire lifetime of the insured, typically up to 99 or 100 years.
- Lifetime protection
- Death and maturity benefits
- Ideal for creating a legacy for heirs
Pension & Retirement Plans
Pension plans help individuals build a retirement corpus that provides regular income after retirement.
- Deferred pension plans
- Immediate annuity plans
- Ensures financial independence post-retirement
Summary Table of Life Insurance Benefits
| Plan Type | Death Benefit | Maturity Benefit | Term | Primary Purpose |
|---|---|---|---|---|
| Term Life | Yes | No | Fixed | Income protection |
| Endowment | Yes | Yes | Fixed | Saving corpus |
| ULIP | Yes | Yes (Market-linked) | Fixed | Investment + protection |
| Child Plan | Yes | Yes | Fixed | Child’s future expenses |
| Pension Plan | Yes | Yes | Fixed | Retirement income |
| Whole Life | Yes | Yes | Lifetime | Legacy creation |
Life Insurance Premium Calculator
Life insurance premiums vary based on age, policy term, type of plan, income, and liabilities. A life insurance premium calculator helps estimate the premium instantly.
- Enter personal and income details
- Select sum assured and policy term
- Compare premiums from different insurers
- Choose a plan within your budget
How to Buy Life Insurance Online
- Compare life insurance plans from multiple insurers
- Understand features and benefits
- Select coverage amount and policy term
- Complete online application
- Make payment and receive policy instantly
7 Important Things to Know Before Buying Life Insurance
- Life insurance is protection, not an investment
- Choose adequate coverage amount
- Select policy tenure wisely
- Term insurance is the most cost-effective option
- Understand death and maturity benefits
- Be aware of claim procedure
- Utilize tax benefits under Sections 80C and 10(10D)
Learn More About Life Insurance
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