Individual Life Insurance

Protecting what matters most with personalized coverage

What is 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.

Life insurance deals with covering the lives of a human being. In life insurance, the asset in question is the 'economic value' of the person. Human life is an income-generating asset but this asset can be lost due to unexpected, early death. Death is certain but its timing is uncertain.

Essential Elements of Individual Life Insurance

Death Benefit

Also known as 'death cover', it is payable on the death of the insured person during the tenure of the policy. This ensures financial protection for your loved ones.

Survival Benefit

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, providing financial liquidity when you need it most.

Cover Your Liabilities

Ensuring your dependents are financially protected even if you are not around, covering outstanding debts and obligations.

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.

Ready to secure your family's financial future?

Our experts can help you choose the best individual life insurance plan for your needs