Individual Life Insurance
A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured.
INDIVIDUAL LIFE INSURANCE PRODUCTS:
WHOLE LIFE PLAN
LIFE TERM PLAN : Cheapest form of insurance, where you pay only for the risk coverage, life is covered for a particular period. In case of any eventuality, insurer pays the sum assured.
MONEY BACK PLAN
ENDOWMENT PLAN : It takes care of your long-term investment needs and gives you the best balance between Risk coverage and
savings.
CHILDREN PLAN: Plan for children, offers good liquidity at different intervals
of child’s age, which supports the expense of education or marriage.
SINGLE PREMIUM PLAN: Onetime investment best suitable for people with
surplus funds looking for short-term appreciation. This plan gives you a high
IRR.
RETIERMENT PLAN
UNIT LINKED PLAN
Riders : Add on benefits are available by paying a little extra premium.
Riders generally offered are accidental death and disability rider, Critical illness
rider, Double sum insured rider and waiver of premiums in case of disability etc.