Life insurance is a financial/legal contract that compensates an individual or his nominee on
happening of an insured event (e.g. Death).
This is a contract between the individual (insured person) & the insurance company (insurer), wherein the insurer promises to pay the designated beneficiary or nominee a sum of money (the "benefits/compensation”) in exchange for a premium, upon the death of the insured person.
Life Insurance Policies are based on following concepts:
Secure your family’s future from uncertain financial crises that may occur after your death, so that their dreams are not left on fate.
Saving with Protection
Enjoy now vs. Enjoy Later. Can we find the balance?
This is where the Savings with Protection solutions come to your aid. By helping you make small savings in a disciplined manner, it helps you to create a corpus to fulfil your family's wishes in the future. Since the amount is small, you can continue enjoying your current lifestyle without compromises.
During retirement, income stops but the expenses don’t. With inflation increasing the cost
of basic essentials, your savings today might not suffice meeting the cost of necessities
throughout the retired life. It is therefore important to start saving early and in a planned
manner for a comfortable, stress-free retired life.
Retirement & Pension plans provide you with financial security so that when your professional income starts to ebb, you can still live with pride without compromising on your living standards.
Wealth and protection
With Wealth and Protection Solutions, your dream is secure. Besides providing you a life
cover, these solutions encourage you to save regularly, by offering flexible plans suited to
Plans are based on the following criteria’s:
1) A single pay unit linked plan that allows you to choose how your money is invested in different funds.
2) A life insurance plan that ensures you meet your family’s dreams by picking out an investment option that suits your needs and also financial secure your entire family with whole life insurance.