Protecting what matters most with personalized coverage
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.
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.
Also known as 'Maturity Benefit', it is payable on maturity of the policy if the insured person survives the entire tenure of the policy.
There is flexibility in surrendering the policies, providing financial liquidity when you need it most.
Ensuring your dependents are financially protected even if you are not around, covering outstanding debts and obligations.
Be it a child's education, loan, building capital for your business or planning retirement, life insurance has solutions for each need.
Tax saving is an additional benefit when it comes to Life Insurance. 80C on premiums paid and 10(10D) on maturity/survival/death benefit.