Life Insurance

Indemnifies the risk to life. The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured. We have to insure our greatest asset i.e. our life. We insure our car, home, but most important of all is our life and our ability to make a living that requires the insurance cover which can provide financial safety net to take care of ourselves and our loved ones when the need arises. An insurance portfolio must be reviewed when there are changes in quantum of assets acquired over time, relationship status , the number of dependents may have changed, etc. Hence, it is imperative to take cognisance of these events and ascertain the optimum insurance cover.

The most talked about insurance plans are:

Term Insurance : It is a pure risk cover plan that offers high coverage at low premiums.

Endowment plan : Endowment plans are commonly known as traditional life insurance, although, there is an investment component but the risk is lower than the other investment products and so are the returns.

ULIP : It is a comprehensive combination of insurance and investment.

Whole Life Insurance: Life coverage to the life assured for whole life.