Death is natural but uncertain. So death and long living are termed as risk  under the class of life Insurance business.

We also look at life insurance as a tool for Investment, Tax Saving, Future Savings and Risk Bearing Mechanism.

Insurance is a contract between insured ( Policyholder) and the insurer (Insurance Co.) Insurers bear risk for a price called premium.

Life policies are basically mixture of Term & Endowment Plans.

Term Assurance

Term specifies "Period, Time, Duration".
Term assurance means cover only for a specified period.

Risk cover under this plan is available only for a specified period say 5, 10, 15, 20 or 30 Yrs etc. In simple words, benefits are payable on the death of the life assured if it occurs before a specified date or event.

This plan is highly suitable for all classes of people and available at very less price say for 30-35 age group 25 lacs cover is available for Rs. 8000 for 25 Yrs term.

Person having financial liabilities and commitments must have term assurance policy.

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Endowment policy = Pure Endowment + Term Assurance.

Endowment policy is a combination of saving and protection. The benefit are paid on survival of a specific period or on demise of policy holder within a term period.

Endowment policies are either participating or non-participating policies.

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Its a life-long protection and premium are paid for certain period of life. Whole life policy is one under which benefits are paid on death of life assured. The money includes sum assured along with bonuses if any. Example- Supose a person take a coverage for 400,000 and starts paying premium for 20 yrs from age of 30 . At the age of 50 he would receive 4lac and then his family would get if he pass away.

Investment Linked Insurance Policy - ULIP

A type of insurance vehicle in which the policyholder purchases units at their net asset values and also makes contributions toward another investment vehicle. Unit linked insurance plans allow for the coverage of an insurance policy, and provide the option to invest in any number of qualified investments, such as stock, bonds or mutual funds.

Save for your future to enjoy a regular income during your retirement years.

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Money Back Policy

Money back policy on the other hand is ideal for married people and those who have short-term financial requirements. This product combines insurance cover and saving. Premium is payable for certain period and portion of suminsured is payable by insurance company in intervals.

Children's Plan

Its important to secure child’s future by saving money for his/her higher education.