What is Life Insurance?

Life Insurance is a financial cover linked with human life such as death, disability, accident, retirement etc. It provides financial protection to the family in case of unforeseen events and guarantees a sum assured.

Why Life Insurance is Required?

• Financial support for family
• Children education planning
• Retirement savings
• Protection against illness or accident
• Future financial stability

Who Needs Life Insurance?

Anyone who has dependents and earns income should have life insurance. Even housewives should have coverage considering their economic value to the family.

As an Investment

Life insurance also provides savings benefits like ULIP, Endowment, Money-back and Whole life plans. It offers both protection and wealth creation.

Tax Planning

Life insurance helps in tax saving under Section 80C up to ₹1.5 lakh and provides tax-free maturity benefits in most cases.

Retirement Planning

Long-term life insurance policies accumulate bonuses and returns that support your retirement income.

Different Types of Insurance Policies

Life insurance policies include Pure Term Plans, Endowment Plans, Money-back Plans, Whole Life Plans, Pension Plans and ULIPs.